By Chinyere Joel-Nwokeoma
Fidelity Bank Plc on Thursday announced gross earnings of N48.4 billion for the first quarter ended March 31, 2019.
The News Agency of Nigeria (NAN) reports that the gross earnings represented a growth of 11.8 per cent when compared with N43.3 billion achieved in the comparative period of 2018.
Its profit surged by 34.0 per cent from N5.0 billion in Q1 2018 to N6.7 billion in 2019.
Similarly, the bank recorded growth in deposits, loans and other performance indices during the period.
Speaking on the financial results, Mr Nnamdi Okonkwo, the bank’s Chief Executive Officer, said the double digit growth in earnings and profits further demonstrates a positive start for the new financial year.
“We remain focused on the execution of our medium-term strategic objectives and targets for the 2019 full year, while we look forward to sustaining the momentum and delivering another strong set of audited results for 2019,” Okonkwo…
Source: News Agency of Nigeria
