Fidelity Bank has reported N6.6bn Q1 profit, and has reassured its stakeholders that it will continue to take measures to ensure the safety of customers, staff, and others during the COVID-19 pandemic.
This is just as The Economist has ranked Nigeria high on financial strength.
Speaking at the bank’s 32nd Annual General Meeting (AGM) in Lagos on Thursday, Chairman, Board of Directors of Fidelity Bank, Mr. Ernest Ebi, said the bank “remains committed to building a sustainable business, even in the midst of the challenges associated with the COVID-19 pandemic.”
Gross earnings grew by 14 per cent to N215.5 billion, driven by a 15.8 per cent growth in interest and similar income. The bank’s profit before tax (PBT) rose by 21 per cent from N25.1 billion in 2018 to N30.4 billion in 2019.
The shareholders unanimously endorsed the payment of a cash dividend of 20 kobo per share, which translated to N5.793 billion for the year ended December 31, 2019.
This is just as The Economist has ranked Nigeria high on financial strength.
Speaking at the bank’s 32nd Annual General Meeting (AGM) in Lagos on Thursday, Chairman, Board of Directors of Fidelity Bank, Mr. Ernest Ebi, said the bank “remains committed to building a sustainable business, even in the midst of the challenges associated with the COVID-19 pandemic.”
Gross earnings grew by 14 per cent to N215.5 billion, driven by a 15.8 per cent growth in interest and similar income. The bank’s profit before tax (PBT) rose by 21 per cent from N25.1 billion in 2018 to N30.4 billion in 2019.
The shareholders unanimously endorsed the payment of a cash dividend of 20 kobo per share, which translated to N5.793 billion for the year ended December 31, 2019.