Fidelity Bank reports 33% HY’20 profit growth

Fidelity Bank Plc has posted a 33.01 per cent increase in profit after tax for the half year ended June 30, 2020. The bank’s interim statement of profit or loss and other comprehensive income for the period ended June 30, 2020 showed profit after tax of N11.303 billion as against N8.498 billion recorded in 2019, representing a growth of 33.01 per cent. Profit before tax stood at N11.963 billion from N9.812 billion recorded in2019, accounting for 21.92 per cent increase. Gross earnings for the period increased by 2.03 per cent…

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