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Nigeria: Fidelity Bank records 30.6% YoY rise in pre-tax gain

Wednesday, 01 May 2019 18:55
Nigeria: Fidelity Bank records 30.6% YoY rise in pre-tax gain

(Ecofin Agency) - On April 28, 2019, Fidelity Bank announced a pre-tax gain of NGN25.1 billion ($70 million) for its 2018 operation, representing a 30.6% rise year on year.  

According to the bank’s financial report, the operating income rose by 4.8% year on year to NGN188.9 billion.

Deposit rose from NGN775.3 billion to NGN979 billion, up by 26.3% year on year.

Listed on the Nigerian Stock Exchange, Fidelity Bank has 240 subsidiaries and 4 million clients.





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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