2020 Financial Highlights

Financial Highlights ☐ Total deposits increased by 38.7% to №1,699.0bn from №1,225.2bn in 2019FY as we recorded strong growth across all deposit products. LCY deposits came in at N1,400.1bn representing 82.5% of total deposits while FCY deposits increased by 3.3% to N298.2bn and now accounts for 17.5% of total deposits. ☐ Savings deposits increased by 54.2% to N424.4bn from N275.2bn in 2019FY and now accounts for 25.0% of total deposits from 22.5% in 2019FY. Savings was responsible for 32.1% growth in total deposits. ☐ Net loan book increased by 17.7% to N1,326.1bn from N1,127.0bn in 2019FY. However, actual growth in net loan book was 13.3% while the impact of naira devaluation resulted in 4.4% growth in loans. ☐ We converted our FCY book at FX rate of N400.3 per USD compared to N364.7 per USD in 2019FY. ☐ Non-Performing Loans (NPL) ratio is now 3.8% from 3.3% in 2019FY while cost of risk came in at 1.4% as we increased our loan provision buffers against possible headwinds. Regulatory Ratios stood above the required thresholds with liquidity ratio at 37.8% and capital adequacy ratio (IFRS 9 - Full Impact) at 18.2%. Our CAR does not include the newly priced 10yrs N41.2bn Tier II Local Bonds due 2031 at 8.5% p.a. 13 www.fidelitybank.ng

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