Fidelity Bank Plc has listed 3.037 billion Ordinary Shares of 50 Kobo each, following the conclusion of it Private Placement.
The new shares were listed on the trading floor of the Nigerian Exchange Limited on August 11. 2023.
Fidelity Bank’s Half Year profit has surged on the back of higher interest rates as the lender earned more from customers while the digital segment continues to be a money spinner.
The lender’s profit surged 133.31 percent to N53.29 billion in June 2023 from N22.84 billion as at June 2022.
Gross earnings grew by 58.58 percent to N247.10 billion in June 2023 from N155.84 billion the previous year.
Net interest income (NII) followed the same growth trajectory as it was up 42.52 percent to N107.76 billion as at June 2023.