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Q1 2020 FINANCIAL STATEMENT
Despite the substantial growth in loan book in 2019 (up 33% y/y) amidst frail macro conditions, we do not envisage a significant deterioration in Fidelity Bank's asset quality.
Fidelity Bank Plc felt the impact of the downward adjustment in fees on banking transactions by Nigeria's apex bank, as Net Fee and Commission Income declined 25% y/y to N4.0 billion.