Fidelity Bank PLC has announced a pre-tax profit of N200.8 billion in its recently published financial statements for the period ending June 30, 2024.
The bank also saw its net interest income surge by 202% YoY to N326.4 billion during the same period.
Interest expenses also climbed by 78.9% YoY to N146.
8 billion, but net interest income still grew remarkably, up 202.7% YoY to N326.
4 billion.
However, the bank’s net increase in cash and cash equivalents was a robust N801.
7 billion, reflecting strong liquidity.
This dividend announcement is expected to boost investor confidence and could lead to a rise in the bank’s share price.
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