This was made known in its unaudited statement of account
presented to the Nigerian Exchange (NGX) on Wednesday, 31 January 2023.
According to the regulatory filing, the bank grew Gross
Earnings by 33.9% to N335.897billion (from N250.774billion in FY 2021).
Net Interest Income grew by 61.1% to N152.813billion (from
N94.877billion in FY 2021), leading to a Profit After Tax of N47.163billion for
FY 2022 (from N35.579billion in FY 2021).
Similarly, Fidelity Bank’s total assets now stand at
N3.999trillion (from N3.289trillion in FY 2021); Deposit from customers is now
at N2.591trillion (from N2.024trillion in FY 2021).
Analysts posit that this is yet another strong showing for
the tier-one bank having sustained impressive performance year-on-year even in
the face of the headwinds in the economy.
Despite growing its gross earnings at an impressive rate,
Fidelity Bank recorded one of the lowest Non-Performing Loans (NPL) ratios in
the Nigerian banking industry.