September 5, 2019/Coronation Research
Fidelity Bank released audited H1 2019 results on Friday. Net profits were up 15.6% y/y to N13.7bn (US$38.1m).
Net interest income was reported down 3.0% y/y at N36.9bn (US$102.5m) despite gross loan growth of 15.8% y/y. Net fee and commission income was up 30.9% from the previous year.
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