Fidelity Bank Reaffirms Corporate Governance Commitment

Fidelity Bank Plc has reaffirmed its commitment to stable leadership and strong corporate governance as a fundamental approach for ensuring the happiness of customers and investors. Mrs. Nneka Onyeali-Ikpe, the bank’s managing director/chief executive officer, announced this at a send-off and welcoming celebration held to honor both the outgoing and incoming directors. The event, with the theme ‘Beyond Limits,’ according to the bank, is just another proof of its growing profile as it continues to set the pace in the Nigerian banking market. In her remarks, Onyeali-Ikpe extended her profound gratitude to the outgoing directors, particularly the former MD/CEO, Nnamdi […]



Fidelity Bank Plans To Raise $500 Million From The International Debt Capital Market

Fidelity Bank Plc, a leading tier-2 lender, began investor meetings on Monday, October 18, as the bank explores raising $500 million from the foreign debt capital market. Fidelity Bank intends to raise $500 million by issuing 5-year unsecured notes due 2026, the proceeds of which will be utilized for general company purposes, including supporting its trade financing business. Fidelity Bank aims to list the Notes on the Irish Stock Exchange, where they will be traded on its regulated market. According to a statement filed with the Nigerian Exchange Limited (NGX) and signed by Ezinwa Unuigboje, Fidelity Bank’s secretary, “the Securities[…]



Fidelity Bank’s Profit Before Taxes Increased By 72 Percent To N21 Billion In The First Quarter

Fidelity Bank Plc reported a profit before tax (PBT) of N20.6 billion for the half-year (H1) ended 30 June 2021, up 72 percent from the N12.0 billion it reported in the same period last year. The N20.6 billion PBT was accomplished, according to the tier-2 lending bank, as a result of higher client transactions and enhanced operating efficiency. The bank had a profit after tax (PAT) of N19.306 billion, up 70% from N11.303 billion in the same quarter of 2020. Mrs. Nneka Onyeali-Ikpe, the bank’s Managing Director/Chief Executive Officer, said: “We maintained our impressive financial performance with double-digit growth in[…]