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Fidelity Bank announces profit before tax of N28.1bn, proposes dividend of 22 kobo per 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 which has become the clear leader among Tier 2 banks, posted a 50.9% growth in Core Operating Profits from N29.8BN in 2019FY to N44.9BN while Net Revenue increased by 15.0% from N111.8BN in 2019FY.
Customer Deposit, which is a measure of consumer confidence rose by 38.7% from N1,225.2BN to N1,699.0BN just as Total Assets grew by 30.5% from N2,114.037TRN in 2019FY to N2,758.148TRN. ....

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Fidelity Bank posts N28.1BN profit in 2020, announces dividend


Fidelity Bank posts N28.1BN profit in 2020, announces dividend
Fidelity Bank says in its 2020 financial report that it will pay 22 kobo dividend per share.
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Fidelity Bank Plc on Wednesday said it made N28.1billion profit in 2020 in what it described as testimony of its resilience and stability.
In the results announced on the Nigerian Stock Exchange (NSE), the Nigerian lender reported strong growth in Core Operating Profits, Net Revenue and other key financial indices.
The bank reported a 50.9% growth in Core Operating Profits from N29.8BN in 2019 FY to N44.9BN while Net Revenue increased by 15.0% from N111.8Bn in 2019FY. ....

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All eyes on first female MD of Fidelity Bank as Onyeali-Ikpe resumes


All eyes on first female MD of Fidelity Bank as Onyeali-Ikpe resumes
On
By Haruna Danladi
When news filtered out that for the first time in its history, the Board of Fidelity Bank Plc, a leading tier-2 commercial bank in Nigeria had appointed a female banker as its Managing Director Designate, the financial market received the news with so much excitement.
This was premised on the unprecedented financial performance of the bank over the past six years under the outgoing Managing Director of the Bank, Mr Nnamdi Okonkwo.
With a Profit Before Tax (PBT) growth of 236 per cent from N9.06b in 2014 to N30.4b in 2019, the incoming Managing Director, Mrs Nneka Onyeali-Ikpe has been part of this success story as the Executive Director supervising the Lagos and southwest Directorate since 2015 under the leadership of Nnamdi Okonkwo. ....

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