Fidelity Bank Plc continues to shine as a beacon of strength, reliability, and resilience in Nigeria’s dynamic banking industry.
With a track record of delivering outstanding performance and exceeding expectations, the bank has further cemented its place among the country’s most trusted financial institutions.
In its recently released Audited Financial Statements for the 2024 financial year, Fidelity Bank posted an extraordinary 210% growth in Profit Before Tax (PBT) to ₦385.2 billion, while Profit After Tax surged by 179.6% to ₦278.1 billion. These record-breaking numbers reflect not only impressive growth but a deep-rooted commitment to excellence, even in the face of economic headwinds.
This performance is no fluke. It is backed by deliberate strategy, solid capital structure, and prudent management.
Following its oversubscribed capital raise of ₦175.9 billion in 2024, Fidelity’s Capital Adequacy Ratio (CAR) now stands at a strong 23.5%, giving it more than enough headroom to continue supporting large-scale projects, expanding services, and delivering superior shareholder returns.
Its stock market capitalization has returned to over ₦1 trillion, driven by renewed investor confidence and a 141% share price growth over the past year.
What truly sets Fidelity Bank apart, however, is the solidity of its operations and the quality of service it delivers. From individuals and SMEs to large corporates and government institutions, customers are guaranteed safe, seamless, and efficient banking experiences across every touchpoint.
At the core of Fidelity’s operations is a robust digital banking infrastructure that continues to evolve to meet the needs of a modern, fast-paced economy. Its award-winning Fidelity Mobile App and internet banking platforms offer secure, user-friendly, and feature-rich solutions for customers on the go. With innovations in real-time payments, digital lending, automated investment services, and 24/7 customer support, the bank is redefining convenience and pushing the boundaries of what banking should be.
This digital prowess was recognized with multiple awards in 2024, including “Most Innovative Mobile Banking Application” by Global Business Outlook and “Excellence in Digital Transformation” by BusinessDay BAFI Awards.
Fidelity Bank’s ability to adapt, innovate, and empower is equally evident in its commitment to the MSME sector, which remains the backbone of the Nigerian economy. Through strategic partnerships like the one with SMEDAN, the bank is driving inclusive growth by providing low-interest funding, capacity building, and market access to small businesses across Nigeria and beyond.
With over 9.1 million customers, 255 business offices, and a growing presence in the United Kingdom through FidBank UK Limited, Fidelity Bank is not just keeping pace—it is setting the pace.
As the bank continues to expand its services, scale up its technology, and deepen its market presence, one thing remains clear: Fidelity Bank is built on a solid foundation, powered by visionary leadership, and driven by a commitment to excellence.
In a world where trust, performance, and innovation are everything, Fidelity Bank is the institution that continues to stand tall, serve exceptionally, and soar higher—today, tomorrow, and into the future.
