Fidelity Bank reports 12.3% increase in gross earnings for H1 2019

Fidelity Bank Plc reported a 12.3% increase in its gross earnings for the half-year period ended June 30, 2019.  This was disclosed in the company’s H1 2019 financial statements published earlier today on the Nigerian Stock Exchange’s website.   

Gross Earnings: The bank’s gross earnings for the period stood at N103.6 billion, compared to N92.2 billion recorded in 2018, representing a 12.3% increase.   

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Profit Before Tax: This went up by 15.6% to N15 billion during the period under review, compared to N13 billion in June 2018.     

Profit After Tax: Similarly, the bank’s profit after tax stood at N13.6 billion as against N11.8 billion which was recorded during the same period in June 2018; representing a 15.5% increase. 

Earnings Per Share (EPS) stood at N41 in 2018 compared to N47 in 2019.   

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Major assets were derived from Cash and balances with Central Bank, due from banks, loans, and advances to customers. 

To download the full report, click HERE.