Fidelity Bank a Tier-two Nigerian lender has set a profit target of N500 billion for Full Year (FY) 2025, reflecting its confidence in sustaining strong earnings momentum.
For context, Profit Before Tax (PBT) surged by 210% year-on-year (YoY) to N385.2 billion in 2024.
The bank also said it will continue its regional expansion strategy, with a particular focus on brownfield acquisitions to deepen market presence and enhance scale.
Key strategic priorities for FY 2025 include balance sheet optimization, strong corporate governance, effective risk management, and capital preservation. Additionally, the bank aims to enhance shareholder value through the payment of robust interim and final dividends.
Fidelity Bank delivered a landmark performance in FY 2024, with gross earnings up 87% and surpassing the N1.00 trillion mark. Notably, interest income accounted for approximately 91.0% (N950.6 billion) of total gross earnings—highlighting the strength and resilience of the bank’s core operations.
On April 10, 2025, Fidelity Bank Plc hosted a conference call to review its Full Year 2024 financial performance and provide guidance for FY 2025, which MoneyCentral listened to
The bank remained focused on optimizing its balance sheet and expanding market share across both corporate and retail segments. Customer deposits rose significantly by 47.9% YoY to N5.9 trillion. Particularly, the retail banking segment gained further momentum, as the bank continued to attract low-cost deposits.
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