2020 Financial Highlights

Capital Adequacy Ratio ► Fidelity CAR is well above the regulatory minimum requirement at 18.2% in 2020FY. Excluding the regulatory adjustment, CAR would have come in at 19.7%. ▸ Only fair value reserves were recognised as Tier II Capital: the N30bn Tier II Bonds was repaid in Nov 2020. The newly 10yrs N41.2bn Tier II Bonds was priced on 7th Jan 2021 and will qualify as Tier II Capital from H1 2021 AFS. Impact on CAR is estimated at 210bpts. Capital Adequacy Ratio Computation - Basel II N'billion 2019FY 2020FY VAR Tier 1 Capital 191.7 224.3 32.5 Regulatory Adjustment (10.6) (20.2) 9.6 Adjusted Tier 1 Capital 181.1 204.1 23.0 Tier 2 Capital 33.0 39.6 6.6 Total Qualified Capital 214.1 243.7 29.6 Capital Adequacy Ratio Credit Risk 920.6 1,048.3 127.7 N'billion % Ratio Market Risk 64.2 87.6 23.4 273.5 262.2 Operational Risk 185.8 204.3 18.4 234.0 242.4 250.7 Risk Weighted Assets 1,170.7 1,340.2 169.5 18.3% 17.7% 18.8% 18.2% 18.2% 15.0% 15.0% 15.0% 15.0% 15.0% Capital Adequacy Ratio Tier 1 15.5% 15.2% Tier 2 2.8% 3.0% 2019FY Q1 2020 Total Equity H1 2020 - Fidelity CAR 9M 2020 2020FY Overall CAR 18.3% 18.2% ―Regulatory Minimum 35 55 www.fidelitybank.ng

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