Last 1.97 NGN
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Volume 7.5M
As of 9:33 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

fidelity bank/nigeria (FIDELITY) Snapshot

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52 Week High
10/18/13 - 2.95
52 Week Low
05/7/14 - 1.85
Market Cap
Average Volume 10 Days
Shares Outstanding
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fidelity bank/nigeria (FIDELITY) Details

Fidelity Bank Plc provides banking and other financial services to corporate and individual customers in Nigeria. The company operates through Retail Banking, Corporate Banking, Investment Banking, and Public Sector segments. It offers private banking services, including current, savings, term deposit, domiciliary, and money market accounts; cash management and bills payment services; cards and loans; online banking; foreign currency transfers; financial advisory services, such as asset management, estate planning, trustee advisory, pension funds advisory, tax planning services; and custodial and lifestyle services. The company’s corporate banking products and services comprise loans and advances, trade finance, working capital finance, project finance, asset finance, structured finance, syndicate finance, term loans, lease, guarantees and bonds issuance, franchise financing, letters of credit, money market and treasury services, distributors and suppliers finance schemes, corporate finance and advisory services, transaction banking, and cash management services. It also provides trade products and services; automated teller machines; and liquidity management and investment products, as well as supports small, medium, and large scale agriculture establishments through its Agri-Nigeria project. The company serves through a network of 204 business offices and its headquarters. Fidelity Bank Plc was incorporated in 1987 and is headquartered in Lagos, Nigeria.

3,484 Employees
Last Reported Date: 04/29/14
Founded in 1987

fidelity bank/nigeria (FIDELITY) Top Compensated Officers

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Executives, Board Directors

fidelity bank/nigeria (FIDELITY) Key Developments

Fidelity Bank Promotes Six Executives at its Leominster Connector Office

Fidelity Bank has promoted six executives at its Leominster Connector office. Paula Bernier, formerly assistant vice president, was named vice president and mortgage production manager. Brennan Campbell, Zachary Lavoie and Joanne Morse were each promoted to assistant vice president, commercial portfolio manager. Julie Ordonez, formerly assistant vice president, was promoted to vice president, loan operations and secondary market officer. Wanda Walsh was promoted to assistant vice president and collections manager. Heidi Kaddy of Westminster has been promoted from assistant vice president to vice president and business development manager, Gardner branch. Jim Notaro of Worcester has been promoted to assistant vice president, commercial marketing and sales support, Worcester branch. William Kerrissey of Spencer has been promoted from assistant vice president to vice president and business development manager, Millbury branch.

Fidelity Bank Plc Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year of 2014

Fidelity Bank Plc reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, PBT was NGN 4.97 billion which represents a growth of 12% from NGN 4.45 billion recorded in first quarter of 2014. For the six months, gross Earnings grew by 1% from NGN 62.9 billion recorded in first half of 2013 to NGN 63.3 billion in the first half of 2014. Net Interest Income grew by 32% to NGN 24.8 billion compared to the N 18.7 billion recorded in first half of 2013. This was driven by a steady growth in the loan book and repricing of deposits and risk assets. Profit before tax was NGN 9.4 billion for the Half year ended June 30, 2014, which represents a drop of 16% from NGN 11.2 billion recorded in the Half Year ended June 30, 2013. Profit before tax was NGN 9.43 billion. The company is on track to achieve full year of 2014 and medium term ROE target. The company is confident that the profit and efficiency momentum will be sustained in the coming quarters as it implement its newly tested lending structures to grow the loan book in the SME and retail segment while consolidating on its niche corporate banking play.

Fidelity Bank Plc to Report First Half, 2014 Results on Jul 25, 2014

Fidelity Bank Plc announced that they will report first half, 2014 results on Jul 25, 2014


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