• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Financial Services

Fidelity Bank to exit CBN forbearance June 30, paving way for 2025 dividend payout 

Israel Ojoko by Israel Ojoko
June 19, 2025
in Financial Services, Sectors
Adverse effects of high-interest rate spreads on the Nigerian economy
Share on FacebookShare on TwitterShare on Linkedin

Fidelity Bank has announced its commitment to exit Central Bank of Nigeria (CBN) forbearance arrangements by the end of the first half of 2025, ensuring compliance with regulatory requirements and positioning itself for a dividend payout to shareholders for the 2025 financial year.

In a statement issued on Wednesday, the bank disclosed that its exposure under the Single Obligor Limit (SOL) forbearance is tied to two obligors, but expressed confidence that this exposure will be brought within regulatory limits by the first half of 2025.

According to the statement signed by Company Secretary, Ezinwa Unuigboje, Fidelity Bank remains committed to maintaining strict compliance with all regulatory policies, including the recent CBN directive on forbearance, which aims to strengthen capital buffers, improve financial resilience, and promote prudent lending practices across the banking sector.

RelatedStories

CBN Governor Yemi Cardoso to be honoured at Nairametrics Capital Market Awards for monetary policy reforms and banking sector recapitalization 

8 Nigerian banks meet minimum forbearance related requirements – CBN Governor

July 22, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy

AMCON sells over 1.1 billion Fidelity Bank shares

July 18, 2025

The bank says forbearance granted on other credit facilities applies to four customers; however, steps have been taken for the return of the accounts to performing status by June 30.

“With respect to the forbearance granted on other credit facilities, the Bank confirms that this applies to four customers. We have proactively made substantial provisions on these facilities and have taken targeted and comprehensive steps to ensure full provisioning or return of the accounts to performing status by June 30, 2025,” the statement reads.

Capital Raising and Growth Strategy 

The bank added that it has successfully raised N273 billion through a Public Offer and Rights Issue, which were oversubscribed by 237.92% and 137.73%, respectively.

In a bid to meet the N500 billion minimum capital requirement mandated by the CBN for banks with international authorization, the bank plans to raise an additional N200 billion through a Private Placement in the 2025 financial year.

The statement confirmed that CBN and shareholder approvals for the Private Placement have been obtained, while other regulatory approvals are still being processed to ensure timely completion in 2025.

Bank’s Assurance to Shareholders 

Reaffirming its commitment to financial stability and shareholder value, Fidelity Bank assured investors that “it expects to exit all CBN forbearance arrangements (SOL/Credit) and remains in a strong position to meet the prevailing requirements to enable it to pay dividends for the current financial year and subsequently.” 

What You Should Know 

Earlier, Nairametrics reported that the CBN issued a directive instructing banks under regulatory forbearance to suspend dividends, defer executive bonuses, and halt foreign investments.

  • The temporary suspension forms part of the CBN’s broader strategy to improve capital buffers, balance sheet resilience, and prudent capital retention within the banking industry.
  • The directive specifically affects banks benefitting from forbearance due to credit exposure challenges and Single Obligor Limit breaches, conditions indicating potential financial stress in affected institutions.

Follow us for Breaking News and Market Intelligence.
Tags: CBN forbearanceFidelity Bank Plc
Israel Ojoko

Israel Ojoko

Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.

Related Posts

CBN Governor Yemi Cardoso to be honoured at Nairametrics Capital Market Awards for monetary policy reforms and banking sector recapitalization 
Bank Recapitalization

8 Nigerian banks meet minimum forbearance related requirements – CBN Governor

July 22, 2025
Adverse effects of high-interest rate spreads on the Nigerian economy
Breaking News

AMCON sells over 1.1 billion Fidelity Bank shares

July 18, 2025
CBN, forex
Opinions

CBN’s prudential measures signal strong banking sector leadership

June 28, 2025
CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics
Business News

CBN’s Forbearance, Lawyers, and Mega Deals: Chike Obianwu on Drinks and Mics

June 21, 2025
Why analysts are recommending these FUGAZ Stocks as a buy this week
Equities

FUGAZ share price surge despite CBN Forbearance issues 

June 20, 2025
Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate
Financial Services

Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate

June 19, 2025
Next Post
Zenith Bank

Zenith Bank to exit CBN’s regulatory forbearance by 30th June, assures shareholders of continued dividend payout

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • World Bank commits to 90,000 kilometers fiber optic project to drive broadband access across Nigeria 
  • Appeal Court affirms EFCC’s right to collaborate with Govt. agencies over tax evasion probe in Nigeria
  • Moody’s upgrades Ecobank’s rating outlook from ‘negative’ to ‘stable’ 

Follow us on social media:

Recent News

World Bank, Tanzania

World Bank commits to 90,000 kilometers fiber optic project to drive broadband access across Nigeria 

July 24, 2025
FCT High Court, Benjamin Joseph, zinox

Appeal Court affirms EFCC’s right to collaborate with Govt. agencies over tax evasion probe in Nigeria

July 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics