Fidelity Bank promotes 11% of staff after record financial performance

Fidelity Bank Plc has announced the promotion of 11% of its workforce, a testament to the exceptional performance and dedication of its employees.

The move follows the release of its 2023 full year Audited Financial Statements, which reported an impressive 131.5 percent growth in Profit Before Tax (PBT) to N124.26 billion.

The promotions cut across every level, reflecting Fidelity Bank commitment to recognizing and rewarding excellence within the financial institution.

The initiative has garnered positive reactions from staff members, who see it as a validation of their hard work and contribution to the bank’s remarkable achievements.

In addition to the promotions, Fidelity Bank has also concluded arrangements to raise a total of N127.1 billion through a Rights Issue to existing shareholders and a Public Offer.

The move is part of the bank’s broader strategy to strengthen its capital base, support future growth, and enhance shareholder value.

Fidelity Bank’s laudable performance and the employee promotions highlight the bank’s robust operational strategy and its commitment to fostering a rewarding work environment.