Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52billion for the Full Year 2022. This was made known in its unaudited
Fidelity Bank Plc has announced an impressive growth in Profit Before Tax to N52billion for the Full Year 2022.
This was made known in its unaudited statement of account presented to the Nigerian Exchange on Wednesday, 31 January 2023.Net Interest Income grew by 61.1% to N152.813billion , leading to a Profit After Tax of N47.163billion for FY 2022 . Similarly, Fidelity Bank’s total assets now stand at N3.999trillion ; Deposit from customers is now at N2.591trillion .
Analysts posit that this is yet another strong showing for the tier-one bank having sustained impressive performance year-on-year even in the face of the headwinds in the economy. Despite growing its gross earnings at an impressive rate, Fidelity Bank recorded one of the lowest Non-Performing Loans ratios in the Nigerian banking industry.
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