BUSINESS

Fidelity Bank Boosts Profit By 33.5% To N35.58bn In 2021

Fidelity Bank plc, a leading Nigerian bank has released its annual report and financial statements for the year ended 31 December 2021 with 33.5% increase in profit after income tax to N35.579 billion from N26.650 billion in 2020.

Gross earnings also rose to N250.774 billion from N206.204 billion in 2020.

Meanwhile, the Board of directors has recommend a dividend of 35 kobo per Ordinary Share of 50 kobo each amounting to N10,136,904,992.20 for approval at the 34th Annual General Meeting.

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