Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest-growing companies. The bank has also seen rapid expansion in customer base and assets as its total balance sheet size leapt from N2.1 trillion to N6.2 trillion, the sixth largest in the Nigerian banking …

Against the background of groundswell of support and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow the bank to absorb oversubscriptions. With investors rallying behind the bank’s N127.1 billion combined rights and public offer, market pundits had indicated that the bank would raise more than the initial size of the combined offer. Reports have …

In demonstration of its leadership in the Sustainability space, leading financial institution – Fidelity Bank Plc – has emerged the first bank to publish its 2023 ISSB-Compliant Sustainability and Climate Report in the Nigerian banking industry. Hosted on the bank’s website on 30 June 2024, the report provides insights into the Bank’s Governance, Strategy, Risk Management, Metrics and Targets around …

On Thursday June 20, Nigeria’s 6th largest bank, Fidelity Bank Plc will open its public offer and Rights Issue. According to an article on the Businessday website and authored by Iheanyi Nwachukwu, the bank is raising a total of up to N127.100billion by way of a Rights Issue to existing shareholders and a Public Offer (the Combined Offer). Under the …

Nigeria’s sixth largest bank, Fidelity Bank Plc will on Thursday, 20 June 2024 open its public offer and Rights Issue. As part of this capital raising process, Fidelity Bank will same Thursday, 20 June 2024 at the NGX hold a Facts Behind the Offer presentation. According to an article posted on the Businessday website and authored by Iheanyi Nwachukwu, 3.2 …

Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a Stable Outlook. According to a statement by Fidelity Bank on Monday, Fitch said in its own statement last Friday …

Fidelity Bank Plc said on Wednesday that it has concluded arrangements to raise N127.1 billion by way of a rights issue to existing shareholders and a public offer. The combined offer is a part of the bank’s strategy to increase its share capital base in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central …

Investors in Fidelity Bank Plc have earned more than 507 per cent in capital gains over the past five years, ranking above all other major return benchmarks at the Nigerian stock market and the entire banking sector. Trading reports at the Nigerian stock market for the five-year period between May 31, 2019 and May 31, 2024 showed that Fidelity Bank …

Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices, according to the Nigerian Exchange (NGX). It said that Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and standards. …

Shareholders have expressed readiness to massively support and mobilise for the ongoing recapitalisation of Fidelity Bank Plc amid commendations for the impressive performance of the bank over the years. Shareholders were unanimous that Fidelity Bank has shown strong resilience over the years and demonstrated its investors’ friendliness with significant dividends and capital gains. Under the auspices of Nigeria’s leading shareholders’ …