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
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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.