Fidelity Bank Says 9M 2018 Pretax Profit up 23.6 % to N20.06 Billion

Nnamdi Okonkwo, MD/CEO Fidelity Bank Plc

October 26, 2018

By InvestAdvocate

Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Thursday its pretax profit for the nine month period ended September 30, 2018 increased 23.6 percent to N20.06 billion from N16.23 billion posted a year ago.

Post-tax profit  of the Bank rose same margin of 23.6 percent to N17.85 billion from N14.45 billion reported the same period of 2017.

Gross earnings of Fidelity Bank surged from N130.06 billion in the nine month period of 2017 to N139.00 billion declared the review period of 2018; indicating a rise of 6.9 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

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