Fidelity Bank Doubles Profit To N101bn In 2023 As Debts Hits N577bn

Fidelity Bank Plc recorded sterling performance in 2023, growing its profit after tax by 116.79 per cent to N101.29bn but the lender also piled up debts during the year, THE WHISTLER can report.

The bank’s revenue increased by 64.3 per cent from N337bn in 2022 toN553.8bn in 2023, an analysis made of the company’s financial statement for 2023 conducted by THE WHISTLER reveals.