US EditionFidelity Bank grows PBT by 167.8% to N105.8bn in Q1 2025
- Fidelity Bank Plc reported a Profit Before Tax of N105.8 billion for Q1 2025, marking a 167.8% increase from Q1 2024 in Nigeria.
- This strong performance followed growth in earning assets and loans skewed towards local currency lending, alongside a decrease in cost of risk to 0.6%.
- The bank expanded total deposits by 11.1% year-to-date to N6.6 trillion, with low-cost deposits representing 92.2% of total deposits and foreign currency deposits rising 21.4%.
- Managing Director Nneka Onyeali-Ikpe noted that the year began with a significant increase in profits alongside continued advancement in the growth of the bank’s earning assets.
- This result highlights the resilience of Fidelity Bank's business model and supports its focus on building a diversified, sustainable banking franchise throughout 2025.
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12 Articles
Premium Times Nigeria
Business247NewsFidelity Bank grows PBT by 167.8% to N105.8bn in Q1 2025
The bank's unaudited financial statements, released on the Nigerian Exchange (NGX) on 30 April, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. The post Fidelity Bank grows PBT by 167.8% to N105.8bn in Q1 2025 appeared first on Premium Times Nigeria.
CEO Tells Focus As Fidelity Bank’s PBT Soars To N105.8 billion In Q1 2025
Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, whi…
Fidelity Bank’s Pre-Tax Profit Rises 167.8% in Q1 2025
By Aduragbemi Omiyale At the close of the first quarter of 2025 on March 31, the pre-tax profit of Fidelity Bank Plc stood at N105.8 billion, 167.8 per cent higher than the 39.5 billion achieved in the same period of 2024. This information was contained in the financial statements of the company released to the […]
Nairametrics
Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025
Fidelity Bank Plc, one of Nigeria's leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The post Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025 appeared first on Nairametrics.
Highlights As Fidelity Bank Delivers PBT Of N105.8bn In Q1 2025
Highlights As Fidelity Bank Delivers PBT Of N105.8bn In Q1 2025 Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 3…
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