<h4>Impressive Growth In Profits</h4>
<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that leading financial institution, Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees.</p>
<p>This significant move follows the release of the bank&#8217;s 2023 full year Audited Financial Statements, which reported an impressive 131.5 percent growth in Profit Before Tax (PBT) to N124.26 billion.</p>
<p>The recent promotions span every level within the bank, reflecting Fidelity Bank Plc&#8217;s commitment to recognizing and rewarding excellence across its entire organization.</p>
<p>This strategic initiative has garnered positive reactions from staff members, who see it as a validation of their hard work and contribution to the bank&#8217;s remarkable financial achievements.</p>
<p>In addition to the promotions, Fidelity Bank Plc has also concluded arrangements to raise a total of N127.1 billion through a Rights Issue to existing shareholders and a Public Offer. This move is part of the bank&#8217;s broader strategy to strengthen its capital base, support future growth, and enhance shareholder value.</p>
<p>Fidelity Bank Plc&#8217;s impressive financial performance and the subsequent employee promotions highlight the bank&#8217;s robust operational strategy and its commitment to fostering a rewarding work environment. By investing in its people and ensuring their career growth, the bank continues to build a motivated and high-performing workforce.</p>
<p>Ranked as one of the best banks in Nigeria, Fidelity Bank Plc is a full-fledged customer commercial bank with over 8.5 million customers serviced across its 251 business offices in Nigeria and the United Kingdom as well as on digital banking channels.</p>
<p>The bank has won multiple local and international awards including the Export Finance Bank of the Year at the 2023 BusinessDay Banks and Other Financial Institutions (BAFI) Awards; the Best Payment Solution Provider Nigeria 2023 and <a href="https://www.vanguardngr.com/">Best SME Bank Nigeria 2022</a> by the Global Banking and Finance Awards.</p>
<p>The list of awards includes Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence 2023; and Best Domestic Private Bank in Nigeria by the Euromoney Global Private Banking Awards 2023.</p>
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