Lagos, Nigeria, April 27, 2023: Fidelity Bank Plc released its 2022 Audited Financial Statements on the Nigerian bourse on Thursday.
The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn.
The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1% YoY expansion in earnings base to N2.64trn. This led to a Profit Before Tax of N53.7 billion representing 112.9% annual growth.
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