COVID-19 Impact and Financial Review

Performance Highlights Revenue and Efficiency Ratio ☐ Net Interest Income up by 31.0% to N48.3 billion in H1 2020 (H1 2019: N36.9 billion) Operating Expenses up by 8.3% to N46.8 billion in H1 2020 (H1 2019: N43.3 billion) ☐ Cost to Income Ratio dropped to 70.3% in H1 2020 from 73.4% in 2019FY PBT up by 21.9% to N12.0 billion in H1 2020 (PAT came in at N11.3 billion) Asset Quality Cost of Risk was up to 1.3% in H1 2020 from -0.1% in 2019FY ☐ NPL Ratio up to 4.8% in H1 2020 from 3.3% in 2019FY ☐ Coverage Ratio was down to 112.7% in H1 2020 from 169.1% in 2019FY □ FCY Loans accounted for 45.7% of Net Loan Book from 41.2% in 2019FY Capital Adequacy and Liquidity Capital Adequacy Ratio (IFRS 9 - Full Impact) improved to 18.8% from 18.3% in 2019FY ☐ Liquidity Ratio of 32.1% remains above the regulatory minimum of 30.0% □ Gross Loans to Funding Ratio stood at 65.9% (Weighted: 69.8%) from 68.2% in 2019FY Total Equity at N250.7 billion compared to N234.0 billion in 2019FY 12 www.fidelitybank.ng

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