FIDELITY BANK Plc.

9M: 2018 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income 9M:2018 9M:2017 Y-o-Y Growth FY:2017
Gross Earnings 139.0 130.1 6.9% 179.9
Interest Income 120.4 110.4 9.1% 150.7
Interest Expense (62.2) (56.6) 10.0% (79.3)
Net Interest income 58.2 53.8 8.1% 71.5
(Credit impairment charges)/Write Back (3.3) (7.3) -55.1% (11.3)
Non-Interest Income 18.6 19.7 -5.7% 29.2
OPEX (50.6) (47.5) 6.5% (65.7)
PBT 20.1 16.2 23.6% 20.3
Taxation (2.2) (1.8) 23.6% (1.4)
PAT 17.9 14.5 23.6% 18.9

Per share data FIDELITY Corporate Actions

Current Price 2.1

Trailing EPS 0.8
BVPS 6.6
Price multiples/Ratios
Shares outstanding(bn) 29.0
Trailing P/E 2.7x
P/BV 0.3x
RoAE (Annualised) 11.3%
RoAA (Annualised) 1.5%
Net Interest Margin (Annualised) 5.2%
Cost of Deposits (Annualised) 7.7% -10.2%
Cost to Income 65.9% 64.6%
Loan to Deposit Ratio 84.1% 99.2%
Cost of Risk (Annualised) 0.9% 1.0%
Net Margin 12.8% 11.1%
Statement of Financial Position 9M:2018 FY:2017 % Growth
Cash and Bank Balances 515.0 321.9 60.0%
Total Loans and Advances 830.4 768.7 8.0%
Financial Assets 254.8 206.2 23.5%
Total Assets 1,680.8 1,379.2 21.9%
Total Equity 192.4 203.3 -5.4%
Total Deposits 986.8 775.3 27.3%
Total Borrowings 227.1 213.2 6.5%
Total Liabilities 1,488.4 1,175.9 26.6%