Wole Olajide
Fidelity Bank Plc, a financial institution reputed for integrity and professionalism has in three months grown its share price by 12.50%. In October 25, 2018 when the bank released its Third Quarter 2018 result, its share price closed at N2.00. As at Tuesday, January 29, 2019, the share price of Fidelity Bank closed at N2.25 implying a growth of 12.50% in 3 months.
Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited. By 1990, it had distinguished itself as the fastest growing merchant bank in the country. However, to leverage the emerging opportunities in the commercial and consumer end of financial services in Nigeria, in 1999, it converted to commercial banking and changed its name to Fidelity Bank Plc. It became a universal bank in February 2001, with a license to offer the entire spectrum of commercial, consumer, corporate and investment banking services.
Fidelity Bank is today ranked amongst the top 10 in the Nigerian banking industry, with presence in the major cities and commercial centres of Nigeria.