Fidelity Bank targets new opportunities

THE Group Managing Director of Fidelity Bank Plc, Nnadi Okonkwo has assured its customers and other stakeholders that the bank was well repositioned to leverage opportunities that would emerge from the new administration.

Addressing Stockbrokers in Lagos, he explained that the bank has structured and upgraded its processes in order to continue to deliver value to its shareholders.

0konkwo, who noted that the bank has consistently paid dividend to shareholders over the years, added that the dividend paid in the last financial year, amid harsh economic environment attested to the bank’s readiness to continually improve in its operations.

He also explained that the successful conclusion of the bank’s N30 billion local bond issued this year is another evident of the bank’s commitment to continue to enhance profitability.

He pointed out that the bank put various measures in place before unveiling its new identity, which includes strategic focus on balance sheet optimisation, which, according to him enabled the bank to ‘gain more from less’.
He said: “In may, we came to the floor and celebrated 10years of listing and it has helped our funding strategies. We have successfully issued 300 million Eurobond five year instrument and we have consistently paid dividend to shareholders.”

He added: “Investor should make more good decision by investing in fidelity bank. We have upgraded our IT processes and unveiled a new logo. We look forward to more collaboration.”