Profits at Fidelity Bank drop 58 per cent

Profits at Fidelity Bank drop 58 per cent

Fidelity Bank said on Wednesday its pretax profit fell to N9.03 billion ($54.75 mln) in 2013 from N21.34 billion the previous year. However, the mid-tier lender increased gross earnings to N126.9 billion from N119.1 billion in 2012, it said in a statement. Fidelity Bank proposed a dividend of N0.14 per share, which it will pay…

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