Fidelity Bank Plc announces N10.13B Profit Before Tax in Q1
Fidelity Bank Plc has announced N55.12 billion gross earnings for the period ended March 31, 2021, indicating a 7.5% increase from N51.15 billion recorded in the previous quarter.
According to the financial result released on the Nigeria exchange group website the bank’s Profit Before Tax (PBT) increased by 53.9% to N10.13 billion from N6.58 billion recorded in Q1 2020.
The net interest income grew to N28.79 billion from N24.60 billion recorded in March 31,2020
Net operating income N33.09 billion from N28.21 billion
Assets also increased to N2.89 trillion from N2.24trn
Loans and advances up by 7.55% to N1.426trn from N1.326trn in 2020
Deposits from customers improved to N1.75trn from N1.699 trillion recorded in 2020