Fidelity Bank reports 120.1% Q1 2024 PBT growth to N39.5bn, driven by interest and non-interest income increases.

Fidelity Bank Plc, a Nigerian bank, reported a 120.1% growth in Q1 2024 PBT to N39.5bn from N17.9bn in Q1 2023, driven by a 90.7% increase in interest income and an 84.0% increase in non-interest income. Net interest income rose by 89.5% YoY to N99.6bn, and total deposits increased by 17.2% YTD to N4.7tn. Fidelity's customer-centric, digital, and operational strategies contributed to its strong financial performance.

May 06, 2024
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