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Share FIDELITY Bank Plc, in a clear demonstration of its resilience and stability, has announced its financial results for the year ended December 31, 2020. The performance which capped a remarkable year showed strong growth in core operating profits, net revenue, and other key financial indices. The top Nigerian lender among Tier 2 banks, posted a 50.9 per cent growth in core operating profits from N29.8 billion in 2019 Financial Year (FY) to N44.9billion while net revenue increased by 15.0 per cent from N111.8 billion in 2019FY. Customer deposits, which is a measure of consumer confidence rose by 38.7 per cent from N1.2 billion to N1.6 billion just as total assets grew by 30.5 per cent from N2.1 trillion in 2019FY to N2.7 trillion.

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