2021 FINANCIAL YEAR: FIDELITY BANK GROWS PBT TO N38.1BILLION, PROPOSES 35K DIVIDEND PER SHARE

Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result. Analysis of the results indicates that the bank grew Gross Earnings by 21.6% YoY (23.2% QoQ) to N250.8bn driven by a combination of 60.3% growth in non-interest revenue (NIR) and 15.2% increase in interest and similar income. The growth in NIR reflects the significant increase in customer transactions resulting in 84.9% growth in trade income, 48.1% in…

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FIDELITY BANK: NNEKA ONYEALI-IKPE TAKES OVER AS FIRST FEMALE CEO

Nneka Onyeali-Ikpe has officially assumed office as the fourth chief executive officer of Fidelity Bank. Onyeali-Ikpe, whose tenure commenced on January 1, 2020, is the first female to occupy the position since the bank’s inception in 1988. She succeeds Nnamdi Okonkwo, the erstwhile MD/CEO, who retired on December 31, 2020, after completing his contract tenure in line with the bank’s governance policy. Fidelity Bank, in an email at the weekend, assured customers that the bank “will consolidate on the already laid foundation and track record of performance, to execute the…

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