Fidelity Releases 3Q Earnings, Fails to Disappoint
Fidelity Bank Plc has not disappointed with its unaudited 3Q numbers. Gross Earnings were up 15% to N 47 Billion from N 40.9 Billion at the end of September 2010.
Profit before Tax was up 3% to n 7.55 billion from N 7.35 Billion at the end of the third quarter in 2010.
Net Income also grew a marginal 4% to N 6.03 Billion from N 5.8 Billion at the end of the 3rd quarter last year.
The bank increased its loan book by 28% to N 204 Billion from N 160 billion at 3Q 2010.
Deposits were also up 50% to N 490 Billion from N 326 Billion over the same period last year.
The banks share price was up 113 basis points in today’s trading closing at N 1.74.
One Comment
-
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank (UK) Limited, an independently incorporated subsidiary of...
- August 1, 2018
-
The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First BankOn June 25, 2018 I woke up to yet...
- June 26, 2018
-
Azman Air commences flight operation in SokotoAzman Air Thursday commenced flight operation to Sokoto state....
- February 21, 2015
-
NRC increases Lagos goods trains, eyes fuel haulageThe Nigerian Railway Corporation says it has increased its...
- June 23, 2016
Nigeria News
- Ligue 1: Lyon handed provisional Ligue 2 relegation, transfer ban
- Oyo traditional ruler, Olugbon loses mother
- Bottled up emotions: Nigerian men battle ‘depression’ amid economic hardship
- Anxiety, tension as 1.7 million voters elect new governor in Ondo
- Trailer crushes mother, two daughters to death in Ogbomoso [PHOTO]
Chinenye Ugwuanyi
November 5, 2011 at 8:54 am
That is expected,
the bank is actually the bank of the millennium. I know the growth will be continuous.
Chinenye Ugwuanyi,
Lagos, Nigeria.