Fidelity Bank targets Tier-1 bank status by 2025

The Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe announced that her management plans to make the bank one of the Tier 1 banks in Nigeria by 2025. Nigeria’s Tier 1 banks include First Bank, UBA, Guaranty Trust Bank, Access Bank, and Zenith Bank.

The CEO revealed this at the bank’s 33rd Annual General Meeting (AGM) in Lagos on Friday. She also added that the bank aimed to achieve a total of 7.5% of the total market share of deposits by 2025.

“We will digitalise our processes; ensure that we have strong staff welfare by taking care of our employees.

“Employees are a very critical resource for an organisation to move forward and we would continue to be innovative to be competitive in the industry,” she said.

Bank shareholders at the event endorsed the total dividend of 22k per share after taxes, which amounts to N6.4 billion for the 2020 accounting year.

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