Fidelity Bank Plc, one of Nigeria’s top-tier financial institutions, has promoted 376 employees following its recently concluded annual performance review exercise.
This represents approximately 12% of the bank’s workforce, underscoring its management’s deep appreciation for the pivotal role played by staff in recording the highest growth by percentage volumes in the banking industry.
The bank’s Profit Before Tax (PBT) grew from N124.3 billion in 2023 to N385.2 billion in 2024, a 210% increase that highlights the bank’s strong financial performance.
This achievement is a testament to the bank’s commitment to excellence and its ability to outperform market expectations.
The promotions come on the heels of a 20% across-the-board salary increase implemented in June 2025, a gesture that reflects the bank’s commitment to staff welfare.
This follows a similar salary adjustment carried out in November 2024, demonstrating the bank’s dedication to its employees.
Under the leadership of Dr. Nneka Onyeali-Ikpe, Fidelity Bank has consistently outperformed market expectations.
In 2024, the bank recorded the highest share price growth of 116% in the industry, following the completion of its Public Offer which was oversubscribed by 238%.
The bank’s stellar performance has also earned recognition from global rating agency Fitch Ratings, which recently upgraded Fidelity Bank’s National Long-Term Rating from ‘A(nga)’ to ‘A+(nga)’.
The upgraded ratings reflect improved profitability metrics and robust capital buffers, reinforcing the bank’s sustained upward trajectory.
Fidelity Bank’s commitment to excellence and its employees has positioned it as a leader in the banking industry.
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