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 […]
Results & Dividends
FIDELITYBK H1 2019 Earnings Update: Growth In Earnings Asset Enhances Performance
Culled—Proshare September 4, 2019/Meristem Research Interest and Non-Interest Income Spur Gross Earnings Growth Fidelity bank Plc. recorded a decent half-year financial performance with growth in its gross earnings (+12.31%) to NGN103.66bn, owing to growth in interest income +7.22%) and noninterest income (+6.31%). Although the yield on earning assets (-1.50%) was […]
Fidelity Bank H1 2019 Results: Impairment write backs boosts bottom-line
September 2, 2019/InvestmentOne Report · Net interest income of N21.1billion, up 33.9% q/q; down 3.0% y/y · Non-interest income of N2.2billion, down 74.3% q/q, up 6.3% y/y · Profit before tax of N8.4billion, up 25.5% q/q; up 15.7% y/y · Profit after tax of N7.7billion, up 30.4% q/q; […]
