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Earlier today, Fidelity Bank Plc announced its unaudited financial reports for the period ended December 31st, 2019. See the breakdown below. 

Gross Earnings: The company’s gross earnings for the period stood at N217.3 billionindicating a 15% increase compared to N188.8 billion that was reported during the comparable period in 2018. 

Net Interest Income: There was a 12increase in net interest income which stood at N82.1 billion. During the comparable period in 2018, the company’s net interest income was N73.3 billion. 

Profit before income tax for the period is N32.3 billion, compared to N25 billion that was recorded in 2018. This represents a 29% increase. 

In the same vein, profit for the period increased by 28.5% to N29.5 billion, compared to N22.9 billion profit earned by the company in 2018. 

As always, you may download the full report here. 

Emmanuel holds an MSc. in International Relations and a B.A in Philosophy & Logic, both from the University of Ibadan. He is a communications professional. As a Lead Business Analyst at Nairametrics, he focuses mostly on quoted companies, their products/services, and the economy in which they operate. Emmanuel is also experienced in the areas of corporate communication, brand communication, corporate storytelling, public relations, business research, management/strategy, etc. You may contact him via his direct cell phone line 09023017285 or his email- emmanuel.abara@nairametrics.com.


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