Fidelity Bank Maintains Strong Asset Quality as Earnings Rise to N748.7bn
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Fidelity Bank Plc has reported a strong financial performance for the half-year ended 30 June 2025, recording gross earnings of N748.7 billion. This represents a 46 percent increase from the N512.9 billion posted in the same period of 2024. The results, published on the Nigerian Exchange Limited, show broad growth across key financial indicators.
Net interest income rose to N420.4 billion, up from N326.4 billion in the corresponding period of last year, while customer deposits increased to N7.2 trillion compared to N5.9 trillion as of full-year 2024. Net revenue also moved upward to N444.4 billion from N396.8 billion in H1 2024, underscoring the bank’s sustained expansion in core banking activities.
Fidelity Bank continued to strengthen its digital banking capabilities and improve customer experience while supporting major sectors of the Nigerian economy. Its loan portfolio grew with net loans and advances rising to N4.9 trillion from N4.4 trillion in FY 2024, reflecting increased lending to businesses and households.
The bank’s asset quality remained stable, with non-performing loans staying within regulatory thresholds. Recent capital-raising initiatives have bolstered its financial resilience, positioning the bank to meet new regulatory requirements and pursue fresh growth opportunities.
With a strong liquidity position and a solid governance structure, Fidelity Bank maintains its standing as one of Nigeria’s top-performing institutions. The bank serves over 9.1 million customers across its digital channels, its 255 business offices, and through its UK subsidiary, FidBank UK Limited. Fidelity has received multiple industry recognitions, including the 2024 Excellence in Digital Transformation and MSME Banking Award from the BusinessDay BAFI Awards.
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