Fidelity Bank Plc operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Fidelity Bank Plc with three other
companies in this sector in Nigeria:
Union Bank of Nigeria PLC
sales of 117.47 billion Naira [US$385.30 million]
of which 31%
was Retail Banking),
Stanbic IBTC Bank Plc
(155.61 billion Naira [US$510.38 million]
of which 33%
was Corporate & Investment Banking), and
Sterling Bank Public Limited Company
(111.36 billion Naira [US$365.26 million]
of which 45%
was Corporate and Investment).
Fidelity Bank Plc reported sales of 151.40 billion Naira (US$496.58 million)
December of 2016.
increase of 3.2%
versus 2015, when the company's sales were 146.66 billion Naira.
Sales at Fidelity Bank Plc have increased during each of the previous five years
(and since 2011, sales have increased a total of 116%).
Sales of Retail Banking saw an increase
that was more than double the company's growth rate: sales were up
71.8% in 2016, from
37.84 billion Naira to 65.00 billion Naira.
Not all segments of Fidelity Bank Plc experienced an increase in sales in 2016:
sales of Investment Banking fell 29.8% to 35.03 billion Naira.
Fidelity Bank Plc also experienced decreases in sales in
Corporate Banking (down 12.4% to 51.11 billion Naira)