Fidelity Bank Plc has notified the investing public that it successfully opened and closed a Private Placement of Ordinary Shares on December 31, 2025. This exercise resulted in the Bank raising N259 billion, increasing its eligible capital from N305.5 billion to N564.5 billion.
The Private Placement was conducted pursuant to the authorisation received from the Bank’s shareholders at the Extraordinary General Meeting of February 6, 2025, to issue up to 20 billion Ordinary Shares by way of Private Placement.
The Bank had previously raised N175.85 billion through a Public Offer and Rights Issue in 2024, bringing its eligible capital to N305.5Billion and leaving a margin of N194.5Billion to meet the new regulatory capital requirement of N500 billion for commercial banks with international authorisation.