Fidelity Bank Plc - Company Profile
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Fidelity Bank Plc (FBP) offers retail banking, SME banking, corporate banking, and private banking. Retail banking comprises savings and current accounts, loans, cards, diaspora banking, and payment solutions. SME banking consists of loans, business advisory, merchant POS applications, and corporate online banking. Corporate banking includes currency exchange, payment services, and POS terminals. Private banking contains financial planning, estate planning, transaction banking, custodial services, margin trading facilities, and investment solutions. The bank operates through a network of branch offices, ATMs, and online portals to individual, SME, corporate, high-net-worth individuals, and wealthy family clients across Nigeria. FBP is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
2 Kofo Abayomi Stree, Victoria Island
Website
www.fidelitybank.ng
Telephone
234 34335489
No of Employees
3,038
Industry
Financial Services
Ticker Symbol & Exchange
FIDELITYBK (NIG)
Revenue (2022)
$906.3M
71%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
205.7%
(2022 vs 2021)
Market Cap*
$205.1M
Net Profit Margin (2022)
XYZ
78.8%
(2022 vs 2021)
* As of and is in US$
Fidelity Bank Plc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Diaspora Banking | Fidelity |
| Savings | Electronic Banking | |
| Current | Money Transfer | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In September, the company acquired Union Bank Plc UK. |
| 2022 | Contracts/Agreements | In October, the bank partnered with BOSS Money to enable Fidelity Bank customers to receive funds sent from the U.S. at any of the bank’s 250 branches across Nigeria. |
| 2022 | Contracts/Agreements | In September, the bank partnered with Small and Medium Enterprises Development Agency for supporting SMEs. |
Competitor Comparison
| Key Parameters | Fidelity Bank Plc | Access Holdings PLC | FBN Holdings Plc | Guaranty Trust Bank Ltd | Union Bank of Nigeria Plc |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Victoria Island | Lagos | Lagos | Lagos | Lagos |
| State/Province | - | Lagos | Lagos | Lagos | - |
| No. of Employees | 3,038 | 7,334 | 7,972 | 10,000 | 2,028 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mustafa Chike-Obi | Chairman | Executive Board | 2020 | - |
| Nneka Onyeali-Ikpe | Chief Executive Officer; Director; Managing Director | Executive Board | 2021 | - |
| Stanely Amuchie | Chief Operations and Information Officer; Director | Executive Board | 2022 | - |
| Ruth Turkington | Chief Consumer Banking Officer; Executive Vice President | Senior Management | 2023 | - |
| Kevin Ugwuoke | Chief Risk Officer; Director - Risk Management | Executive Board | 2020 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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