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Outstanding Financial Performance: Fidelity Bank Rewards 11% of its Workforce with Promotion

Leading financial institution, Fidelity Bank Plc has promoted 11% of its staff, following the exceptional performance of the Bank and dedication of its employees.

The advancements in ranks which cuts across all level within the bank, is indicative of Fidelity Bank Plc’s commitment to recognizing and rewarding excellence across its entire organization.

This remarkable gesture is coming on the heels of the bank’s 2023 full year Audited Financial report indicating an impressive 131.5 percent growth in Profit Before Tax (PBT) at N124.26 billion.

The strategic decision of the bank to reward diligence has resonated positively with the entire workforce , who consider the act as a recognition of their hard work and contribution to the bank’s outstanding financial performance.

As part of broader strategy to strengthen its capital base, support future growth, and enhance shareholder value, Fidelity Bank Plc has also concluded arrangements to raise a total of N127.1 billion through a Rights Issue to existing shareholders and a Public Offer.

The landmark performance and subsequent employee promotions highlight Fidelity bank’s robust operational strategy and its commitment to fostering a rewarding work environment.

By investing in its people and ensuring their career growth, the bank continues to build a motivated and high-performing workforce.

Fidelity Bank Plc is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.

Ranked as one of the best banks in Nigeria, Fidelity bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards,

the Best Payment Solution Provider Nigeria 2023 and Best SME Bank Nigeria 2022 by the Global Banking and Finance Awards; Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.

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