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FIDELITY BANK SOARS HIGH AT THE 2018 BUSINESSDAY BANKING AWARDS · Bags Two Accolades

Our Bank has clinched two awards at the recently concluded 2018 Business Day Banking Awards. Fidelity Bank emerged winner in two categories, beating other nominees and carting away the accolade for the ‘Best Bank In CSR’ and ‘Best Bank In Infrastructure Financing’.

According to the organisers, the well-deserved awards which was conferred on our Bank during an elaborate ceremony in Lagos at the weekend is based on universal acceptable parameters. The parameters, both qualitative and quantitative include the availability of financials and investor presentation on bank’s website; the type of operating licence, 5-PAT growth; growth in deposits; capital adequacy ratio (CAR); non-performing loans (NPL); liquidity ratio; return on average assets (ROAA); return on average equity (ROAE); cost to income ratio; perchance of women in the workforce, amongst others. Commenting on the award, Managing Director/Chief Executive Officer, Fidelity Bank Plc, Nnamdi Okonkwo, pointed out that the awards further underlines the Bank’s commitment towards delivering best-in-class services that create value for customers whilst striving to give back to the communities where it operates.

Receiving the award on behalf of the Bank, Fidelity’s Divisional Head, Retail Banking, Richard Madiebo promised that the lender would not relent in its efforts to promote the financial inclusion in consonance with the mandate of the Central Bank of Nigeria (CBN). Expressing his sincere gratitude to the organisers of the event, Madiebo noted that the award will further challenged the Bank to do more in terms of financing infrastructure development across country. According to him, “Fidelity Bank has remained at the forefront of efforts to develop Nigeria’s infrastructure. For us this award is an important reflection of that commitment”.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 3.8 million customers who are serviced across its 240 offices and various digital banking channels. Earlier in his opening speech, Frank Aigbogun, publisher/Chief Executive Officer, BusinessDay thanked all the dignitaries for honouring the invitation and commended them for their relentless efforts aimed at quality service delivery in the industry. “This year’s awards are very unique in the sense that for the first time, other distinguished players in the financial industry such as registers, insurance trustee, pension funds custodians, Development Finance Institutions (DFIs), are now part of the awards,” Aigbogun said in a welcome address.

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