Fidelity Bank Plc has announced the promotion of 11% of its employees, underscoring the bank’s commitment to recognizing outstanding performance and dedication. This decision follows the release of the bank’s 2023 full-year audited financial statements, which revealed a remarkable 131.5% increase in Profit Before Tax (PBT), reaching N124.26 billion.
The promotions, which span all levels within the bank, reflect Fidelity Bank Plc’s strategic initiative to reward excellence and bolster morale. This move has been positively received by staff, who view it as an acknowledgment of their hard work and significant contributions to the bank’s impressive financial results.
In tandem with these promotions, Fidelity Bank Plc has finalized plans to raise N127.1 billion through a Rights Issue to existing shareholders and a Public Offer. This capital-raising effort is aimed at strengthening the bank’s capital base, supporting future growth, and enhancing shareholder value.
Fidelity Bank Plc’s outstanding financial performance and subsequent employee promotions highlight the bank’s robust operational strategy and its dedication to fostering a rewarding work environment. By investing in its workforce and promoting career growth, the bank continues to cultivate a motivated and high-performing team.
Ranked among Nigeria’s top banks, Fidelity Bank Plc serves over 8.5 million customers across 251 business offices in Nigeria and the United Kingdom, as well as through digital banking channels. The bank has garnered numerous local and international awards, including Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, Best Payment Solution Provider Nigeria 2023, and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards. Additionally, it was named Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023 and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.
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