Financial Performance Highlights
Overview Operating Environment Financial Review Guidance
CAR stood at 18.8%, well above the regulatory minimum requirement of 15.0%
Capital Adequacy Ratio Computation - Basel II
Capital Adequacy Ratio Trend
N'billion
2020FY
H1 2021
VAR
250.7
262.2
273.5
264.4
273.4
Tier 1 Capital
224.3
236.0
11.7
18.8%
Regulatory Adjustment
(20.2)
(30.2)
10.0
18.2%
18.2%
18.4%
18.8%
Adjusted Tier 1 Capital
204.1
205.8
1.8
15.0%
15.0%
15.0%
15.0%
15.0%
Tier 2 Capital
39.6
68.5
28.9
Total Qualified Capital
243.7
274.4
30.7
H1 2020
9M 2020
Total Equity - Fidelity CAR
2020FY
Q1 2021
H1 2021
-Regulatory Minimum
Credit Risk
Market Risk
Operational Risk
Risk Weighted Assets
1,048.3
1,211.4
163.1
87.6
52.9
(34.7)
204.3
198.6
(5.7)
1,340.2
1,462.9
122.7
Capital Adequacy Ratio
Tier 1
Tier 2
15.2%
3.0%
14.1%
4.7%
Overall CAR
18.2%
18.8%
Capitalization of H1 2021 profit led to the increase in CAR
to 18.8% from 18.2% in 2020FY.
Excluding the regulatory adjustment, CAR would have
come in at 20.8%.
Tier II Capital included our 10-Yr N41.2bn Bonds issued in
Jan 2021 @ 8.5% coupon p.a.
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