Business - Banking & Finance
Updated: September 06, 2020

Fidelity Bank Releases Financial Statement For 2020 First Half

By Olalekan Fakoyejo
September 05, 2020
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Fidelity Bank has released its financial statements for the first half of this year. Fidelity Bank reported that its Profit after tax surpassed the NGN8.4 billion it recorded in the corresponding period of 2019. The company recorded NGN11.3 billion in the first half of 2020.

The company also recorded growth in its Profit before tax, as it grew from NGN9.8 billion of the first half of 2019 to NGN11.9 billion in the period under review. Meanwhile, Fidelity Bank's Net interest income rose to NGN87 billion in the first half of 2020, surpassing the NGN84.2 billion it reported in the corresponding period of 2019.

Click the link to read the full report.