Fidelity Bank Financial Overview

NPL Review and Impairment Charge Analysis ▸ There was an 89.0% growth in NPLs from N26.1bn in 2015FY to N49.4bn in the 2016FY ► Key sectors responsible for over 90% of the NPL growth were Transport, General Commerce, Manufacturing and Retail Total impairment change for the year grew by 50.4% to N8.7bn from N5.8bn in 2015FY with individual (specific) impairment on loans representing about 67.4% of total impairments 70.8% of the total specific impairment charged in 2016 were in the transport, manufacturing and general commerce sectors which reflects their 71.0% contribution to total non-performing loans in 2016. We also saw a significant spike in NPL volumes on the retail loan book due to delayed salary payments ► We also had write-offs of N3.4bn of fully provisioned loans in the Oil & Gas Downstream, Information & Communication and Construction Sectors Breakdown of Impairment Charge - 2016FY Total Impairment Charge = N8.7bn Individual Impairment, 67.4% Other Assets, 5.4% Others, 1.8% Construction, 2.1% Agriculture, 0.7% Collective Impairment, 27.2% Specific Impairment Charge by Sector - 2016FY General Commerce, 7.7% Government, 1.3% Hospitality, 0.4% Communication, 9.0% Manufacturing, 14.8% Transport, 48.4% Consumer, 1.3% Real Estate, 1.1% Power, 0.1% Oil & Gas Services, Oil & Gas Downstreem, 8.3% 3.1% 34 == www.fidelitybank.ng

View entire presentation