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Nairaland Forum / Nairaland / General / Business / Fidelity Bank Plc Announces A 13.6% Growth In Gross Earnings (488 Views)
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Fidelity Bank Plc Announces A 13.6% Growth In Gross Earnings by Trends111: 8:45am On Jul 27, 2015 |
Financial Highlights * Gross Earnings increased by 13.6% to N71.9bn from N63.3bn in H1 2014 * Net Fee Income increased by 25.9% to N15.2bn from N12.1bn in H1 2014 * Operating Income increased by 14.1% to N42.0bn from N36.8bn in H1 2014 * Total Expenses increased by 13.8% to N28.8bn from N25.3bn in H1 2014 * Profit before Tax increased by 2.5% to N9.7bn from N9.4bn in H1 2014 * Profit after Tax increased by 2.5% to N8.2bn from N8.0bn in H1 2014 * Net Loans increased by 5.8% to N572.8bn from N541.7bn in Dec 2014 * Deposits declined by 2.9% to N796.6bn from N820.0bn in Dec 2014 * Total Equity increased by 3.1% to N178.6bn from N173.1bn in Dec 2014 * Total Assets increased by 0.5% to N1,192.7bn from N1,187.0bn in Dec 2014 Nnamdi Okonkwo, Managing Director and CEO of Fidelity Bank plc commenting on the results, stated that: “Business operations in H1 2015 were challenged by a difficult operating environment due to heightened political risks in Q1, weaker government revenues arising from lower crude oil prices, a tighter monetary policy environment and currency devaluation concerns which all translated to a significantly lower GDP growth rate. READ MORE: http://www.theiconng.com/fidelity-bank-plc-announces-a-13-6-growth-in-gross-earnings/ |
Re: Fidelity Bank Plc Announces A 13.6% Growth In Gross Earnings by Jetjacky(m): 8:46am On Jul 27, 2015 |
J |
Re: Fidelity Bank Plc Announces A 13.6% Growth In Gross Earnings by kossyablaze(m): 8:52am On Jul 27, 2015 |
Awesome! 3 Likes 3 Shares |
Re: Fidelity Bank Plc Announces A 13.6% Growth In Gross Earnings by dapyd1(m): 9:05am On Jul 27, 2015 |
Good. But is that not how Oceanic and Intercontinental were reporting huge profits until the pond scheme crumbled before our eyes. Hope this is not like that sha. |
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