Fidelity Financial Review & Guidance
Overview Operating Environment Financial Review Guidance
Loans & Advances Analysis
N'billion
Net Loans & Advance
1,535.4
1,612.9
1,426.3
1,326.1
14.9
10.1
30.4
T8.7
587.3
1,658.4
35.9
603.9
579.0
556.2
526.3
769.4
859.9
941.5
1,006.9
1,018.6
2020FY
Q1 2021
■LCY Loans
H1 2021
FCY Loans
9M 2021
2021 FY
■Devaluation Impact
LCY Loans Vs. FCY Loans
42.0%
39.7%
38.7%
37.6%
38.6%
58.0%
60.3%
61.3%
62.4%
61.4%
2020FY
Q1 2021
H1 2021
9M 2021
2021FY
■LCY Loans
■FCY Loans
Net loans & advances increased by 25.1% YTD to
N1,658.4bn, with 40.0% of the loan book within the 12
months or less maturity portfolio.
On-lending facilities and the impact of foreign
currency rate change was responsible for 31.7%
of the absolute growth in loan book.
➤ 27.8% (N69.4bn) of the growth in the LCY loan book
were created with on-lending facilities at
concessionary rates.
➤ FCY loans now constitute about 38.6% of the net loan
book from 42.0% in 2020FY.
> Loans to funding ratio came in at 60.4% compared to
61.4% in 2020FY but stood at 62.9% after weighting all
permissible loans: Mortgage Loans | SME Loans |
Consumer loans etc.
Sufficient headroom exists for risk asset growth.
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