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FIDELITY BANK’S PROFIT DOWN.

30/10/2009 23:23:00 Our Reporter
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Lagos (THEWILL) – Fidelity Bank Nigeria is reporting a pre tax profit of N2.8 billion naira, for the September quarter due to provisions for bad loans. It set aside a whooping N1.91 billion to cover the losses according to the report.

 

The bank’s gross earnings surged to N18.56 billion from N13.94 billion for the same period last year.

 

Fidelity is one of Nigeria’s 25 licensed banks with head quarters in Lagos.

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