Earnings Analysis: Fidelity Bank Plc Post 14% Increase In 2013 H1 2013 Results

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[upme_private]Fidelity Bank Plc released its 2013 H1 results showing a 17% increase in Gross Earnings to N62.9billion for the period. Net Interest Income however dropped 7% to N18.7billion. Cost to income ratio by my estimates was 67% better than the 69% posted a year earlier.  Operating profit at the end of the period was N11billion 14% higher than the N9.6billion posted in 2012. Profit before tax also increased 14% to N11.1billion.

Fidelity Bank Plc 2013 H1 Results was released in the website of the NSE[upme_private]Content you want to hide from guests go here[/upme_private]