Fidelity Bank Plc says its gross earnings hit N40.8billion at March 31, 2017, which represents 18.8 per cent rise over the corresponding period last year.
The bank in its the unaudited results, released at the Nigerian Stock Exchange, (NSE) also said profits in the period surged by 20.5 per cent from N4.billion in 2016 to N4.8billion in 2017, just as it recorded growth in net interest income, deposits, loans and other performance indices.
Speaking on the results, the Chief Executive Officer, (CEO), Mr. Nnamdi Okonkwo, said the double digits earnings and profits underscored the disciplined execution of its medium-term strategy and a business model.
He said that the bank would continue to optimize her cost profile without impacting service delivery through the disciplined execution of the initiatives from the recently completed business optimization project.
