Fidelity Financial Review & Guidance
Overview Operating Environment Financial Review Guidance
Financial Performance Highlights - SFP
Statement of Financial Position
N'million
2020FY
2021 FY
VAR
% VAR
Total Assets
2,758,148
3,289,479
531,331
Earning Assets
1,828,807
2,217,080
388,273
Bank Placements
51,799
12,000
(39,799)
Treasury Bills
264,032
330,441
66,409
19.3%
21.2%
-76.8%
25.2%
Bonds
186,870
216,227
29,357
15.7%
Growth in total assets is skewed towards earning
assets which grew by 21.1% compared to 15.4%
increase in non-earning assets.
Total FCY assets is $2.3bn with $743m (32.9%) in
cash & short-term funds, and investment in
securities.
Net Loans
1,326,106
1,658,412
332,306
25.1%
Non-Earning Assets
929,341
1,072,399
143,058
15.4%
Cash
44,751
42,755
(1,996)
-4.5%
Breakdown of FCY Assets
Restricted Bal. with CBN
540,129
686,097
145,968
27.0%
Bal. with other Banks
231,943
164,497
(67,446)
-29.1%
Fixed Assets
38,446
39,440
994
2.6%
All Other Assets
74,072
139,609
65,537
88.5%
Interest Bearing Liabilities
2,268,094
2,870,711
602,617
26.6%
Customer Deposits
1,699,026
2,024,806
325,780
19.2%
Other Borrowings
99,055
88,974
(10,081)
-10.2%
0.2%
26.9%
> $2.3bn
6.0%
66.9%
On-lending Facilities
Debt Securities
All Other Liabilities
Equity
308,097
377,492
69,395
22.5%
161,916
379,439
217,523
134.3%
216,521
120,999
(95,522)
-44.1%
■ Others
273,533
297,769
24,236
8.9%
Investment Securities
Cash & Short Term Funds
Loans & Advances
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