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Fidelity Bank records 40% profit in Q1

By on May 18, 2013

Nigeria’s Fidelity Bank said on Friday its first-quarter pretax profit rose 40.42 percent year-on-year to N5.94 billion ($37.62 mln), up from N4.23 billion a year ago, the bank said.

Gross earningsat the mid-tier lender rose to N31.43 billion during the three months as against N22.43 billion in the same period last year.