Fidelity Bank Nigeria Plc is one of the Financial Institutions in Nigeria offering banking services. It started out as Fidelity Union Merchant Bank Limited in 1988. It converted fully to commercial banking in 1999 and changed its name to Fidelity Bank.
Its Vision is to be No. 1 in every market they serve in and every branded product they offer. Its mission is to make financial services easy and accessible to customers, while her values abbreviated as CRUST are Customer first, Respect, Excellence, Shared ambition and Tenacity.
Fidelity Bank Nigeria is today ranked about the Top 10 banks in Nigeria and has branches in major cities and commercial centres across Nigeria. The current Managing Director/Chief Executive Officer is Nnamdi J. Okonkwo.
Fidelity Bank Nigeria PLC Services
Its products include current account, savings account, fidelity cards, fidelity consumer finance, fidelity small business account and fidelity exchange rate. Its services include managing SME, fidelity corporate banking, fidelity channels, fidelity private banking, fidelity diaspora banking, fidelity internet banking, fidelity agri-Nigeria project, fidelity trade services & products, fidelity ATM, fidelity instant recharge, fidelity treasury management and fidelity money transfer services.
From her 2013 Annual Report, its Profit before Tax (PBT) was N9.03 billion for the Financial Year Ended (FYE) December 31, 2013. Gross Earnings increased by 6.5% to N126.92 billion for FYE December 31, 2013 from N119.14 billion recorded in December 31, 2012.
Total Assets increased by 18.2% to N1,081.22 billion as at December 31, 2013 from N914.36 billion as at December 31, 2012 while Total Customer Deposits increased by 12.5% from N716.75 billion as at December 31, 2012 to N806.32 billion as at December 31, 2013.
Net Loans and Advances grew by 23.3% to N426.08 billion as at December 31, 2013 from N345.50 billion as at December 31, 2012. Shareholders’ Funds stood at N163.46 billion. It is worth over US$6.318 billion with shareholders’ equity in excess of US$1 billion.
The bank has over 220 branches nationally and has over 2.3 million customers. She is ranked 6th Nigeria and 622nd in Africa according to the Banker Magazine of the Financial Times Group in its 2014 edition.
Fidelity Bank Nigeria Contact Details
Address: No 2, KofoAbayomi Street, Victoria Island, Lagos and her
Phone: 080034335489 (0800fidelity)
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