Fidelity Bank Financial Overview

NPL Analysis ▸ NPL increased to 6.6% from 4.4% in 2015FY as we adopt a conservative approach to risk assets classification due to the relatively unstable macro environment. ▸ Coverage ratio increased to 83.1% from 79.5% in 2015FY due to increased impairments taken in Q4 2016. ▸ Cost of risk inched up to 1.2% from 1.0% in 2015FY due to 50.4% increase (N2.9bn) in impairment charge. ► Specific pressure points still exist in select sectors (e.g. transport and general commerce etc.), we will focus on increasing collections and recoveries in the 2017FY. NPL Coverage Ratio N'billion Gross Loans and Advances 757.8 736.7 25.1 743.1 34.1 599.0 49.4 26.1 611.6 26.5 711.6 723.6 693.7 572.8 585.2 2016 FY 2015 FY Q1 2016 H1 2016 ■Performing Loans 9M 2016 Non-performing Loans Non-performing Loans N'billion % Ratio 60 101.9% 120% 49.4 79.5% 81.2% 84.2% 40 40 34.1 4.4% 4.3% 26.1 26.5 83.5% 25.1 60% 3.4% 20 4.5% 20 6.6% 0 0% 2015 FY Q1 2016 H1 2016 9M 2016 2016 FY 2015 FY Q1 2016 H1 2016 9M 2016 2016 FY Non-performing Loans Coverage Ratio 37 www.fidelitybank.ng

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