Fidelity Bank Plc, has reported strong financial performance in the first quarter of 2021, with up-scaled indices in all the lender’s assessment scorecard. According to the bank’s unaudited results released at the Nigerian Stock Exchange (NSE), the Profit Before Tax (PBT) grew by 53.9% from N6.6bn in 2020 to N10.1bn for the corresponding period of […]
Fidelity Bank Plc has issued a 10-year N41.21 billion fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due by year 2031. A statement on the bond by the management indicated that the bank’s Chairman, Mr. Mustapha Chike-Obi, disclosed that the bond issuance was over-subscribed by investors, with total investor interest and commitments […]