Fidelity Bank has announced N105.8bn in gross earnings, H1 2020. A rise of N2.1bn was indicated when compared to gross earnings, H1 2019.
Interest income of N84.3bn appreciated by N2.8bn to close at N87.1bn while the Interest expense declined by N9.6bn from N48.9bn to close at N39.3bn. Also, the net interest income closed at N48.3bn, H1 2020 indicating a N11.4bn rise when compared to the N36.9bn of H2 2019.
Results posted on Thursday confirm that the fee and commission income depreciated by N3.6bn from N13.1bn to close at N9.5bn, in the same vein the fee and commission expense appreciated by N400mn from N2.4bn to close at N2.8bn.
The Profit Before Tax rose by N2.2bn from N9.8bn closing at N12.0bn, while PAT rose by N2.8bn from N8.5bn closing at N11.3bn. Also, earnings per share appreciated by 10kobo closing at 39kobo when compared to 29kobo, H1 2019.