2020 Financial Highlights

Financial Highlights Summary of Income Statement: YoY Change N'million 2019FY 2020FY VAR % VAR Gross Earnings 218,011 206,204 (11,807) -5.4% Interest Income Loans 139,204 130,476 (8,728) -6.3% Interest Income Liquid Assets 45,637 46,277 640 1.4% Total Interest Income 184,841 176,753 (8,088) -4.4% Interest Expense Customer Deposits (73,634) (45,223) (28,411) -38.6% Interest Expense Borrowings (28,152) (27,407) (745) -2.6% Total Interest Expense (101,786) (72,630) (29,156) -28.6% Net Interest Income 83,055 104,123 21,068 25.4% FX Income 6,542 9,976 3,434 52.5% Digital Income 8,917 7,242 (1,675) -18.8% Other Fee Income (Net) 13,245 7,204 (6,041) -45.6% Net Fee Income 28,703 24,422 (4,281) -14.9% Net Revenue 111,758 128,545 16,787 15.0% Total Expenses (81,992) (83,633) 1,641 2.0% Operating Profit 29,766 44,912 15,146 50.9% Net Impairment Losses 587 (16,858) 17,445 2,971.9% Profit Before Tax 30,353 28,054 (2,299) -7.6% Please note: Gross earnings was calculated based on total fees & commission income Net fee income includes net gains/(losses) from financial instruments 14 www.fidelitybank.ng

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