•Gross earnings hit N88.9bn
•80% of total transactions now digital
Nume Ekeghe
Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments.
Details of the audited half year results, for the period ended June 30, 2018, released at the Nigerian Stock Exchange (NSE) yesterday showed a 27.3 per cent jump in Profit Before Tax (PBT) from N10.2 billion in the previous period to N13 billion in the reporting period.
Profit After Tax (PAT) rose by 31 per cent to close at N11.8 billion from N9.03 billion recorded in 2017, while gross earnings rose by 3.6 per cent from N85.8 billion to N88.9 billion.
In other indices, total assets grew by 13.7 per cent to N1,567.6 billion from N1,379.2 billion in the previous period.
Total…
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