2020 Financial Highlights

Gross Earnings Analysis N'million 2019FY 2020FY VAR % VAR Total Earnings: 2019FY Total Earnings: 2020FY Total Earnings 218,011 206,204 (11,807) -5.4% Maint. Fee, 2% Interest Income Loans 139,204 130,476 (8,728) -6.3% Digital, 4% Trade, 1% Others, 6% Maint. Fee, 1% Trade, 1% Digital, 4% Others, 4% Int. Inc. Liquid Assets 45,637 46,277 640 1.4% FX Income 6,542 9,976 3,434 52.5% FX Income 3% FX Income, 5% Digital Income 8,917 7,242 (1,675) -18.8% A/C Maintenance fee 3,295 2,800 (495) -15.0% Trade Income 2,360 1,610 Other Income 12,057 7,823 (750) (4,234) -31.8% -35.1% Int. Inc. Liquid Assets, 21% Int. Income Loans, 64% Int. Inc. Liquid Assets, 22% Int. Income Loans, 63% N'million Q1 2020 Q2 2020 Q3 2020 Q4 2020 Total Earnings: Q3 2020 Total Earnings: Q4 2020 Total Earnings 51,159 54,596 49,275 51,174 Maint. Fee, 1% Trade, 1% Maint. Fee, 2% Trade, 1% Interest Income Loans 32,340 31,373 33,208 33,555 Digital, 4%. Others, 4% Digital, 4% Others, 3% Int. Inc. Liquid Assets 11,586 12,323 11,639 10,729 FX Income, FX Income 1,965 6,354 (362) 2,019 -1% FX Income, 4% Digital Income 1,624 1,546 1,855 2,217 A/C Maintenance fee 735 513 731 821 Trade Income 543 240 356 471 Other Income 2,366 2,247 1,849 1,361 Int. Income Loans, 66% Gross earnings dropped by 5.4% YoY (increased 3.9% QoQ) due to the pass-through effect of Covid-19 pandemic on the economy. Improved business activities post lockdown led to increased revenue in Q4: customer induced transactions across all service channels increased by 7.2% QoQ in Q4 2020. Int. Inc. Liquid Assets, 24% Int. Income Loans, 67% Int. Inc. Liquid Assets, 21% 18 www.fidelitybank.ng

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