By Abubakar Yunusa
Fidelity Bank Plc says it recorded a profit after tax (PAT) of N242.4 billion for the 2025 financial year, driven by growth in interest income and fees-based earnings.
In its audited financial results released on the Nigerian Exchange (NGX) on Monday, the bank said the performance was underpinned by a 38.7 percent year-on-year increase.
“Interest and similar income increased by 38.7 percent year-on-year to N1.11 trillion, compared to N803.1 billion in 2024,” the bank said.
Fidelity Bank also said gross earnings rose by 45.6 percent to N1.52 trillion in 2025, from N1.04 trillion recorded in the previous year.
Fees and commission income also grew by 44.7 percent to N113.4 billion from N78.4 billion, according to the lender.
On the balance sheet, Fidelity Bank said total assets expanded by 18.6 percent to N10.46 trillion from N8.82 trillion recorded in 2024.
Also, the bank said customer deposits rose by 16.1 percent to N6.89 trillion, while net loans and advances declined slightly by 2.4 percent to N4.28 trillion.
The financial institution attributed the decline in loans and advances to repayments by customers on matured obligations.
Fidelity Bank also said its eligible capital increased to N561 billion, above the regulatory minimum requirement of N500 billion for banks with international authorisation.
According to the bank, “its capital adequacy ratio stood at 30.94 percent as of December 31, 2025, compared to 23.47 percent in the previous year”.
Also, the lender said it currently serves more than 9.1 million customers through its digital banking platforms, 255 business offices across Nigeria, and its United Kingdom subsidiary, FidBank UK Limited.
