Fidelity Bank Plc’s gross earnings rose by 45.6 per cent to N1.52 trillion in 2025, from N1.04 trillion in 2024, while its non-performing loan ratio fell to 2.4 per cent from 3.1 per cent.
The figures were presented at the bank’s 38th Annual General Meeting, held virtually on Friday, October 9, where shareholders commended the board and management for earnings growth, improved asset quality and stronger capitalisation.
The bank recorded a profit before tax of N347.7 billion and profit after tax of N242.4 billion for the 2025 financial year.
Its capital position also strengthened following a N227.05 billion private placement completed in December 2025, which raised eligible capital from N305.5 billion to N532.6 billion, above the N500 billion minimum requirement for banks with international authorisation.
Bisi Bakare, National Coordinator of the Pragmatic Shareholders Association of Nigeria, cited the bank’s 2.4 per cent non-performing loan ratio and capital adequacy ratio of about 16.1 per cent as indicators of its financial position. She also noted that the bank had a customer base of 16 million.
Boniface Okezie, Chairman of the Progressive Shareholders Association, commended the successful capital raise, saying it strengthened confidence in the bank’s ability to deliver sustainable value.
Other indicators showed that the bank’s loan coverage ratio increased to 203.9 per cent from 138.4 per cent, while liquidity stood at 66.5 per cent, above the regulatory minimum of 30 per cent. Total equity rose to N1.09 trillion from N897.9 billion.
Board Chairman Amaka Onwughalu said the bank remained focused on building a sustainable institution capable of delivering long-term value, while Managing Director and Chief Executive Officer Nneka Onyeali-Ikpe said its strategy centred on strengthening resilience, improving customer relationships and expanding access to financial services.
External auditors Deloitte & Touche issued an unmodified opinion on the bank’s 2025 financial statements.
Shareholders also considered board appointments and re-election matters, the retirement by rotation of Chief Nelson Nweke, external auditors’ remuneration for 2026, disclosure of managers’ remuneration and the election of members of the Statutory Audit Committee.
They urged the board and management to sustain the performance, strengthen the bank’s market position and improve returns to investors.