Fidelity Bank Plc has posted a 29 per cent increase in profit after tax for the financial year ended December 31, 2018.
The bank, in a statement, said that the profit after tax during the period under review stood at N22.9bn, compared with N17.7bn realised in the comparative period.
Also, its profit before tax soared by 30.6 per cent to N25.1bn in contrast with the N19.2bn posted in 2017.
The bank reported gross earnings of N188.9bn against N180.2bn in the corresponding period, an increase of 4.8 per cent, while operating income rose by 13.9 per cent, from N85.9bn to N97.2bn.
Its customer deposit, which is a measure of consumer confidence, rose by 26.3 per cent from N775.2bn to N979.4bn, just as total Assets grew by 24 per cent, from N1.4-trillion to N1.7trn.
The bank is proposing a total divided of N3.2 billion to its shareholders which translated to 11k per share.
Fidelity Bank is a full-fledged commercial bank operating in Nigeria, with over 4.2 million customers serviced across its 240 business offices and various other digital banking channels.
(NAN)