COVID-19 Impact and Financial Review

Gross Earnings Analysis N'million H1 2019 Hồ 2020 VAR % VAR Total Earnings: H1 2019 Total Earnings: H1 2020 Total Earnings 103,655 105,755 2,100 2.0% Maint. Fee, 2% Trade, 1% Maint. Fee, 1% Interest Income Loans 62,085 63,713 Digital, 4% Others, 6% Digital, 3% Trade, 1% Others, 4% 1,628 2.6% FX Income, 4% FX Income, 8% Int. Inc. Liquid Assets 23,745 23,909 164 0.7% FX Income 4,501 8,319 3,818 84.8% Digital Income 4,469 3,170 (1,299) -29.1% A/C Maintenance fee 1,683 1,248 (435) -25.9% Trade Income 1,204 783 (421) -35.0% Other Income 5,967 4,613 (1,354) -22.7% Int. Inc. Liquid Assets, 23% Int. Income Loans, 60% Int. Inc. Liquid Assets, 23% Int. Income Loans, 60% N'million Q1 2020 Q2 2020 VAR % VAR Total Earnings: Q1 2020 Total Earnings: Q2 2020 Total Earnings 51,159 54,596 3,437 6.7% Maint. Fee, 1% Trade, 1% Maint. Fee, 1% Trade, 0% Digital, 3% Interest Income Loans Int. Inc. Liquid Assets 11,586 32,340 31,373 (967) 12,323 -3.0% Others, 5% Digital, 3% Others, 4% FX Income, 4% FX Income, 12% 737 6.4% FX Income 1,965 6,354 4,389 223.4% Digital Income 1,624 1,546 (78) -4.8% A/C Maintenance fee 735 513 (222) -30.2% Trade Income 543 240 (303) -55.8% Other Income 2,366 2,247 (119) -5.0% Int. Inc. Liquid Assets, 23% Int. Income Loans, 63% Int. Inc. Liquid Assets, 23% Int. Income Loans, 57% Though interest income on loans grew by 2.6% YoY in H1 2022, it dropped by 3.0% QoQ in Q2 due to further downward review of our lending rates especially on loans backed by DFI funds. QoQ drop in specific non-interest income lines (e.g. trade income & acct. maintenance) reflects the slowdown in the economy in Q2. 16 www.fidelitybank.ng

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