Fidelity Bank Financial Overview

Financial Highlights Summary of Income Statement: QoQ Change N'million Q1 2016 Q2 2016 Q3 2016 Q4 2016 VAR % VAR Gross Earnings 34,356 36,059 39,931 41,675 1,743 4.4% Interest Income Loans 20,798 20,923 26,281 24,713 (1,568) -6.0% Interest Income Liquid Assets 8,406 7,036 7,984 7,012 (971) -12.2% Total Interest Income 29,204 27,959 34,264 31,725 (2,539) -7.4% Interest Expense Customer (10,063) (9,366) (10,288) (15,758) (5,470) 53.2% Deposits Interest Expense Borrowings (3,037) (3,069) (5,085) (4,559) 526 -10.3% Total Interest Expense (13,100) (12,435) (15,373) (20,317) (4,944) 32.2% Net Interest Income 16,104 15,524 18,892 11,408 (7,483) -39.6% FX Income 546 1,181 2,073 5,635 3,562 171.9% E-banking Income 2,616 4,849 1,503 1,722 220 14.6% Other Fee Income (Net) 1,495 1,244 1,281 1,486 205 16.0% Net Fee Income 4,656 7,274 4,857 8,843 3,987 82.1% Operating Income 20,761 22,798 23,748 20,252 (3,497) -14.7% Total Expenses (16,031) (15,669) (17,040) (18,460) (1,420) 8.3% Net gains/(losses) from Fin. Inst 35 (811) 5 146 Net Impairment Losses (739) (4,059) (3,162) (711) 142 2,451 3021.3% -77.5% Profit Before Tax 4,025 2,258 3,551 1,226 (2,324) -65.5% Please note: Gross earnings was calculated based on total fees & commission income 13 www.fidelitybank.ng

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