Fidelity Bank Financial Overview

Net Interest Margin Analysis ▸ NIM declined to 6.4% in 2016FY from 6.9% in 2015FY as the decline in our average yield on earning assets outpaced the decline in average funding cost. ▸ The yield on earning assets declined by 1.1% YoY though we saw an upward trajectory from H1 2016. ▸ Average funding costs dropped by 0.4% YoY, on account of improved deposit mix; low cost deposit ratio is now 78.7% from 58.2% in 2015 FY. ▸ Funding costs increased in Q4 as the increased yields on government securities spiked deposit rates upwards Yield on Earning Assets NIM Trend 7.3% 6.9% 7.0% 6.5% 6.4% 2015 FY Q1 2016 H1 2016 9M 2016 2016 FY Funding Cost 6.2% 13.8% 5.8% 13.2% 12.6% 12.7% 11.8% 5.2% 5.0% 4.6% 2015 FY Q1 2016 H1 2016 9M 2016 2016 FY 2015 FY Q1 2016 H1 2016 9M 2016 2016 FY 19 www.fidelitybank.ng

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