April 10, 2017/InvestmentOne Research

Fidelity Bank released its Q4 2016 results late on Friday.

Please find key highlights of the Q4 2016 results below:

·         Net interest income of N11.4bn, down -39.6% q/q; -43.7% y/y

·         Profit before tax of N1.2bn, down -65.5% q/q; up +421.7% y/y

·         Profit after tax of N981m, down -69.0% q/q; -60.1% y/y

The bank proposed a final dividend of 14kobo per share representing a dividend yield of c.17% based on last Friday’s close price.

Please click to download a copy of the financial statements.