|
|
Nigeria: Fidelity Bank Tier One Capital Hits Over $1 Billion
 |
|
|||||||||
|
||||||||||
Leadership (Abuja)
24 July 2008
Posted to the web 24 July 2008
Teddy Nwanunobi
Abuja
As banks in the country continue to improve on their financial profitability, the Fidelity Bank Plc yesterday announced that it has grown with tier one capital of over $1 billion.
Dropping this hint to business correspondents in Abuja, the bank's Regional manager (Abuja), Mr. Emeka Obiagwu, also disclosed that the bank now has a balance sheet size of over N580 billion.
Fidelity Bank's financial growth is coming on the heels of its 20th anniversary, having come into existence on June 3, 1988.
Announcing the bank's anniversary plans to media correspondents, Obiagwu disclosed that credit for the bank's success in the last two decades should belong to its customers.
"In Fidelity Bank, we have every reason to be proud of our journey so far, and all accomplishments in this time. We have grown from a small merchant bank with just 11 branches to a financial services supermarket with 150 branches; nearly 4,000 staff; tier one capital of over $1 billion and a balance sheet size of over N580 billion. To mark this journey of hope and accomplishment, we were faced with the option of throwing parties as is the norm, or finding some other way to celebrate. Our decision was that credit for the 20 years of success belonged to only one group of persons - our customers, and this celebration must necessarily be a celebration of the customer," he acknowledged.
According to Obiagwu, the bank would from the 1st of August, 2008, run a 'Save & Fly' promo until the 31st of December, 2008, as a way of saying "thank you to the people who have stood by us for two decades of transformation".
The promo, which would see Fidelity Bank give out 100 return flight tickets with visas to winners to embark on a trip to Dubai, will also see the bank offer more than one million gifts and prizes, including five Honda Saloon cars, 300 motor bikes and 750 generators.
Obiagwu spoke on what the bank intends to achieve by running the promo.
|
"We give our people the incentive to building a savings culture - the one reliable way to create wealth for people. We also offer them the opportunity to broaden their horizons; to have a life-changing experience by visiting Dubai. We believe the trip to Dubai is the most transformational thing we can offer our customers, far and above the impact of a car," he explained.
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
