Lagos, Nigeria – Fidelity Bank Plc has reported a substantial 167.8% year-on-year growth in Profit Before Tax (PBT) for the first quarter of the 2025 financial year, underscoring a robust start and reinforcing investor confidence in the bank’s strategic direction.
Disclosing this on its official Facebook page on Tuesday, 3rd June 2025, the bank noted that the performance reflects strong earnings momentum and a healthy expansion of its asset base.
The impressive results, highlighted in the bank’s Q1 2025 financial statement, reflect significant growth in both profitability and operational scale. Commenting on the development, Dr. Nneka Onyeali-Ikpe, OON, Managing Director and Chief Executive Officer of Fidelity Bank Plc, attributed the achievement to the strength of the bank’s business model and its focus on operational efficiency.
“We started the year with triple-digit growth in profit and sustained the momentum in our earning assets growth. This performance shows the resilience of our business model and reinforces our confidence in delivering a better result in the 2025 financial year,” she stated.
Fidelity Bank expressed deep appreciation to its customers, partners, and shareholders, describing their continued trust and support as vital to the bank’s sustained success.
With this strong showing, Fidelity Bank is firmly positioned among the top-performing financial institutions in Nigeria’s banking sector, reflecting the successful execution of its long-term growth strategy.
Further details of the Q1 2025 performance are available via the bank’s investor relations page: https://bit.ly/FidelityQ1-2025
