Fidelity Bank Plc · NSENG:FIDELITYBK
Fidelity Bank — H1 2025 Earnings Presentation
35 slides from Fidelity Bank's earnings presentation, Jun 30, 2025
Slide 1: Fidelity Bank Investor Presentation
Fidelity Bank Investor Presentation Audited Financial Results for the 6 months ended June 30, 2025 Fidelity Bank information meant for public use
Slide 2: Disclaimer
Disclaimer Please read the following before continuing: This presentation is based on Fidelity Bank Plc (‘Fidelity’ or ‘the Bank’) audited financial statements for the period ended 30 June 2025. Aside the extracts from the published financial statements, Fidelity has obtained some information from s
Slide 3: Content
Content Section Page 1. Overview of Fidelity Bank 5 2. Operating Environment 15 3. Financial Review 18 4. 2025 Guidance 34 3 Fidelity Bank information meant for public use
Slide 4: Overview of Fidelity Bank
4 Fidelity Bank information meant for public use
Slide 5: Fidelity Bank at a glance
Overview Operating Environment Financial Review Guidance Business Segment > 251 Business Offices 23.4% Locations: > 10.1m+ Customer Accounts Revenue 61.2% Nigeria 15.4% United Kingdom > 3,319Professional Staff 15.5% > 170 Call Centre Agents PBT 64.8% 19.7% > 21k Banking Agents Rt/Comm/PS Corporate I
Slide 6: History, Key Milestones and Achievements
Overview Operating Environment Financial Review Guidance History, Key Milestones and Achievements ▪ Became a Universal Bank in ▪ Issued a US$400 million 5- ▪ Raised ₦13.972 billion 2001 year Eurobond in 2017 through Private Placement of shares ▪ Merger with FSB ▪ IT upgrade across banking issuance I
Slide 7: Fidelity Bank has a Strong Focus on ESG Principles
Overview Operating Environment Financial Review Guidance Fidelity Bank has a Strong Focus on ESG Principles ▪ 21% reduction in energy consumption ▪ Community investment of over N1.6Bn, over 3 years. focused on Education, Environment, Health & Social Welfare and Youth ▪ 18% reduction in carbon footpr
Slide 8: Robust risk management is at the core of Fidelity Bank operations
Overview Operating Environment Financial Review Guidance Robust risk management is at the core of Fidelity Bank operations Three-tiered approach for enterprise-wide risk management Level 1 Board of Directors Board/Executive Mgt. oversight Board Audit Board Risk Board Finance & General Board Corporat
Slide 9: Consistent stellar performance across key income and balance sheet lines
Overview Operating Environment Financial Review Guidance Consistent stellar performance across key income and balance sheet lines Gross Earnings Customer Deposits CAR 46.0% 21.3% 849bps N748.7bn N7,204.0bn 15.0% Operating Income Net Loans & Advances NPL 39.1% 10.7% 119bps N503.8bn N4,854.9bn 1.9% Op
Slide 10: Contribution to the Group's performance
Overview Operating Environment Financial Review Guidance Contribution to the Group’s performance Total Assets (N’bn) Revenue PBT FCY NGN Total N'bn % Share N'bn % Share Group 4,099 5,952 10,051 % Share 40.8% 59.2% Group 748.7 100.0% 180.5 100.0% Nigeria 3,889 5,952 9,842 % Share 39.5% 60.5% 97.9% Ni
Slide 11: Our performance scorecard
Overview Operating Environment Financial Review Guidance Our performance scorecard FY 2021 FY 2022 FY 2023 FY 2024 H1 2025 Gross Earnings (CAGR 56%) N251bn N337bn N556bn N1,043bn N749bn PBT (CAGR 95%) N25bn N54bn N124bn N385bn N181bn Savings Account N477bn N599bn N881bn N1,135bn N1,200bn (CAGR 26%)
Slide 12: Our performance scorecard
Overview Operating Environment Financial Review Guidance Our performance scorecard FY 2021 FY 2022 FY 2023 FY 2024 H1 2025 Low-Cost Deposit (CAGR 45%) N1,508bn N2,159bn N3,910bn N5,499bn N6,691bn Total Deposit (CAGR 37%) N2,025bn N2,581bn N4,015bn N5,937bn N7,204bn Net Loans (CAGR 31%) N1,658bn N2,1
Slide 13: Increasing NIR and customer reach through digital banking
Overview Operating Environment Financial Review Guidance Increasing NIR and customer reach through digital banking Mobile/Online Customers # NIP Value (N’bn) E - Banking Transaction (#’Mn) 11.8% YoY > 6.0m+ 35% Mkt Share 88% 295.7 % Total Trnx 25,099 18,602 95% Debit Cardholders # 157.2 0.3% YoY 4%
Slide 14: Operating Environment
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Slide 15: Real GDP Growth, Inflation Rate, Bonny Light
Overview Operating Environment Financial Review Guidance ❖ Nigeria’s GDP grew by 4.23% in Q2 2025 compared to 3.48% Real GDP Growth recorded in Q2 2024. 4.23 3.86 3.13 ❖ During the quarter under review, agriculture grew by 2.82% (up 3.48 3.76 from 2.60% in Q2 2024), industry by 7.45% (from 3.72%), a
Slide 16: Key regulatory and policy changes
Overview Operating Environment Financial Review Guidance Key regulatory and policy changes ❖ CBN Introduced Nigeria FX Code for ethics & ❖ 2025 budget raised from ₦49.7tn to ₦54.99tn, driven by transparency in the FX market. higher revenues and fiscal expansion. Jan ❖ CBN introduced the NRN Ordinary
Slide 17: Financial Review
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Slide 18: Financial Performance Highlights - SCI
Overview Operating Environment Financial Review Guidance Financial Performance Highlights - SCI Summary of Income Statement ➢ Gross earnings increased by 46.0% yoy, driven N’million H1 2024 H1 2025 % VAR by a combination of 124.6% growth in non- interest revenue (NIR) and 39.4% increase in Gross Ear
Slide 19: Improved yield and earnings assets boosted revenue growth
Overview Operating Environment Financial Review Guidance The combination of improved yield and earnings assets boosted revenue growth 78.1% Breakdown of Gross Earnings Interest Income: Breakdown 80.6% N’billion H1 2024 H1 2025 VAR % VAR 39.4% Int. Inc. on Loans 287.1 404.0 116.9 40.7% 659.7 34.4% In
Slide 20: Higher yields outpaced moderate funding costs, improving margins
Overview Operating Environment Financial Review Guidance Higher yields outpaced moderate funding costs, leading to improved margins. Avg. Yield on Earnings Assets ➢ NIM improved by 100bps to 13.0% due to elevated interest rate environment in H1 2025, 20.5% which impacted both the average yield and 1
Slide 21: Achieved CIR of 56.3% despite rising operating expenses
Overview Operating Environment Financial Review Guidance Achieved CIR of 56.3% despite rising operating expenses and high inflation. Breakdown of OPEX Key drivers of OPEX: % Contributions CIR N’billion H1 2024 H1 2025 % Growth Regulatory Charges 43.1 63.8 48.1% Staff Cost 26.8 40.9 53.0% H1 2025 16.
Slide 22: Financial Performance Highlights - SFP
Overview Operating Environment Financial Review Guidance Financial Performance Highlights - SFP Statement of Financial Position ➢ Total assets increased by 13.9% ytd to N’million 2024FY H1 2025 VAR % VAR N10.1trn from N8.8trn in 2024FY. Total Assets 8,821,737 10,051,160 1,229,423 13.9% ➢ 40.8% of th
Slide 23: Building a resilient balance sheet with a well-structured funding base
Overview Operating Environment Financial Review Guidance Building a resilient balance sheet with a well-structured funding base N’million 2024FY H1 2025 VAR % VAR ➢ Total Deposits crossed the N7 trillion mark as customer deposits grew by 21.3% ytd to N7.2tn from N5.9tn in Demand Deposits 4,364,323 5
Slide 24: Consistent increase in stable and low-cost deposits
Overview Operating Environment Financial Review Guidance Consistent increase in stable and low-cost deposits Customer Deposits (N’bn) Customer Deposits by Type 48.1% 51.3% 48.6% 52.8% 53.0% 7.1% 7,204.0 16.7% 7.4% 6,599.0 H1 2025 6,083.0 5,937.1 5,379.8 19.1% 3,484.9 3,818.1 2,588.4 3,122.7 2,885.1
Slide 25: Net Loans and advances
Overview Operating Environment Financial Review Guidance Net Loans and advances Net Loans & Advance (N’bn) ➢ Net loans and advances grew by 10.7% ytd to ₦4.95tn, 4,854.9 with three key sectors accounting for 68.7% of the 4,387.1 4,604.6 4,254.8 absolute increase in the loan book. 3,752.1 2,369.3 2,3
Slide 26: Improved asset quality led to a decline in impairment charge
Overview Operating Environment Financial Review Guidance Improved asset quality and cash flow led to a decline impairment charge H1 2025 Impairment Charge Impairment Charge N’billion ( 22.7 ) 32.6 H1 2025 13.7 ( 23.6 ) -62.0% ( 13.7 ) H1 2024 35.9 Stage 1 Stage 2 Stage 3 Total H1 2024 Impairment Cha
Slide 27: Diversified loan book with focus on asset quality
Overview Operating Environment Financial Review Guidance Diversified loan book with focus on asset quality Gross Loans by Sector N’million H1 2024 9M 2024 2024FY Q1 2025 H1 2025 VAR % VAR Communication 70,893 71,034 62,341 62,823 74,993 12,169 19.4% Oil and Gas 1,583,068 1,850,498 1,991,749 2,058,25
Slide 28: Diversified loan book with focus on asset quality
Overview Operating Environment Financial Review Guidance Diversified loan book with focus on asset quality % Contribution: H1 2025 Gross Loans by Sector Government; 4.3% N’million 2024FY H1 2025 VAR % VAR Oil & Gas: Service; 9.9% Consumer; 1.7% Communication 62,341 74,993 12,652 20.3% Construction;
Slide 29: Adequate coverage across stages with NPL coverage at 216.5%
Overview Operating Environment Financial Review Guidance Adequate coverage across stages with NPL coverage at 216.5% Gross Loan Book by Stage N’million Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Communication 65,631 0 9,362 74,993 87.5% 0.0% 12.5% 1.5% Oil and Gas 1,378,724 841,941
Slide 30: Non-performing loans (NPL) analysis
Overview Operating Environment Financial Review Guidance Non-performing loans (NPL) analysis NPL Analysis 2024FY H1 2025 VAR % VAR 2024FY H1 2025 N'million N'million N'million % NPL Ratio NPL Ratio Communication 17,358 9,362 (7,996) -46.1% 27.8% 12.5% Oil and Gas 27,580 3,740 (23,839) -86.4% 1.4% 0.
Slide 31: Focus remains on asset quality as the loan book increases
Overview Operating Environment Financial Review Guidance Focus remains on asset quality as the loan book increases Non-performing Loan (NPL) Ratio NPL Contribution by Sector (2024FY Vs. H1 2025) Communication: 12% Vs 10% Oil & Gas: Upstream: 0% Vs 0% 7% 10% 0% 5% Transport: 4% Vs 6% 3.5% 3.2% 0% 6%
Slide 32: Proposed capital raise expected to add 900bps to CAR
Overview Operating Environment Financial Review Guidance The proposed capital raise exercise is expected to add 900bps to CAR Capital Adequacy Ratio Computation – Basel II Capital Adequacy Ratio Trend N’billion N‘billion 2024FY H1 2025 VAR 1,105 975.6 45% 1,020 897.9 933.1 935 Tier 1 Capital 550.7 3
Slide 33: 2025 Guidance
Fidelity Bank information meant for public use
Slide 34: Actual Vs. Target
Overview Operating Environment Financial Review Guidance Actual Vs. Target H1 2025 Actual 2025FY Target Revised 2025FY Target Comment PBT N180.5bn N555.0bn N380.0bn - N400.0bn In View Loan Growth 10.7% 10.0% - 15.0% 10.0% - 15.0% On Track Deposit Growth 21.3% 15.0% - 20.0% 15.0% - 20.0% On Track Net
Slide 35: Fidelity Bank Plc contact details
Fidelity Bank Plc. 2 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria +234 (01) 4480853 info.investor@fidelitybank.ng www.fidelitybank.ng Fidelity Bank information meant for public use