NewStats: 3,263,826 , 8,181,520 topics. Date: Sunday, 08 June 2025 at 06:49 AM 1x1r4u

Global credit rating agency, Fitch Ratings, has upgraded Fidelity Bank Plc’s National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’ while affirming its Long-Term Issuer Default Rating (IDR) at ‘B’.

The rating action, announced on May 29, 2025, reflects the bank’s strengthened capital buffers, sustained earnings growth, and prudent risk management.

The upgrade follows Fidelity Bank’s recent successful capital-raising initiatives, including a rights issue and public offer, which significantly enhanced its capital base.

According to Fitch, the bank’s Fitch Core Capital (FCC) ratio improved to 29.9% at the end of 2024, well above the regulatory minimum and among the highest in the Nigerian banking industry.

Fitch noted that the enhanced capital position, combined with improved profitability and a stable deposit base, s the bank’s creditworthiness and growth trajectory.

The rating agency also cited expectations of further capital inflows ahead of the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement deadline for international banks in 2026.


Commenting on the development, Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer of Fidelity Bank Plc, said: “This upgrade by Fitch Ratings affirms the resilience of our business model, the strength of our risk management practices, and our unwavering focus on delivering sustainable value to stakeholders. Despite a challenging macroeconomic environment, we have continued to maintain strong asset quality, solid profitability, and ample liquidity.”

Fidelity Bank recorded improved earnings driven by higher net interest income and efficiency in deposit mobilization. As of year-end 2024, 93% of the bank’s total deposits were low-cost current and savings s (CASA)—one of the strongest deposit structures in the Nigerian banking industry.

Fitch highlighted Fidelity Bank’s strong market positioning, ranking it as the sixth-largest bank in Nigeria by total assets, controlling approximately 5% of the industry’s asset base.

The bank’s well-diversified funding profile, robust risk controls, and increasing digital banking footprint were also cited as ing factors in the rating decision.

The rating upgrade is expected to enhance investor confidence and the bank’s capital market activities, including ongoing efforts to scale its operations locally and across key international markets.

Fidelity Bank serves a customer base of over 9.1 million through 255 business offices in Nigeria and a United Kingdom subsidiary, FidBank UK Limited. The bank has consistently demonstrated resilience and adaptability in the face of market volatility, earning multiple recognitions for innovation, SME , and digital transformation.

Recent awards include the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay BAFI Awards, Most Innovative Mobile Banking Application by Global Business Outlook, and Best Bank for SMEs in Nigeria by Euromoney.

As regulatory and macroeconomic pressures continue to shape the Nigerian banking landscape, Fidelity Bank’s rating upgrade underscores its strong fundamentals, capital adequacy, and operational soundness, positioning it to capture future growth opportunities across retail, commercial, and investment banking segments.

https://investorsking.com/2025/06/02/fidelity-banks-rating-raised-to-anga-as-capital-and-profitability-improve/

Good for them

good

Good.
How about Hero beer ?

Okay

I thought Peter Obi went to Vatican city to beg Alhaji regarding an invisible debt the said bank was owing.
..congratulations, I believe they are making banking modern in Nigeria

Hope some bitter folks will not drink snipper after reading this news.

Sad sorrowful souls will be in hospital cos of cifia pain.

And you know the region?

Try to guess.

You will not hear Peter Obi enemies say "pim"

This time around, they will disconnect Obi with Fidelity bank, lol

Congratulations to Fidelity bank .
They keep on waxing stronger , even in the face of the smearing campaign by bad belles and the tribal bigots .
Que sera sera

princehinnex:
I thought Peter Obi went to Vatican city to beg Alhaji regarding an invisible debt the said bank was owing.
..congratulations, I believe they are making banking modern in Nigeria

when you listen to empty heads with big mouths, you won't get any reasonable thing

carl90:
Congratulations to Fidelity bank .
They keep on waxing stronger , even in the face of the smearing campaign by bad belles and the tribal bigots .
Que sera sera

don't mind them. Their Ogas chain masters in power will be busy wasting our money, jumping around the globe, looking for where to borrow to fund their wayo white elephant projects

olaolulazio:
Good.
How about Hero beer ?

Operational in Anambra with thousands of Nigerians working in their factory, equally providing indirect jobs for people living within and outside the state. It hasn't packed like the Audio port Harcourt refinery after gulping trillions of Naira

Sowore needs to say something.

That was Reno omokiri said.
All the COALITION businesses are gaining from the FG reforms but they are everywhere demarketing the country and the government.


God Bless BOLA TINUBU for providing the enabling enviroment for the stock market growth.

Not only fidelity bank,most Nigerian stocks are performing well

These ratings i don’t believe them o, and how they have become furious lately seems something fishy, like they are a sinking ship. Few days ago they said their yellow papaw md bought all the shares. Does that even make any sense?

Thank God o

The same Fidelity funded with Abacha loot when Obi and Atiku worked at the port?

The same bank Anambra money was invested while the people were made poorer, lecturers were not paid and medical officers were on strike for 2 years.

Whomever did this need to check again, there's mistake somewhere

Another propaganda by Obidients and Arise to sell the Packaged fraudster. Fidelity is Owing billions of Naira and he is rated A+. Your propaganda didn't work 2 years ago. Una never learn lesson

I wonder how SUG president will take this News

20k crew left the group chat.

Good one.

Noted

Okwute effect. Touch of excellence. When the righteous is in charge everywhere is stew...

ALL THANKS TO TINUBU REFORM..

I am thankful that I quickly bagged some stocks when the price dropped slightly some weeks ago while some people were busy posting all sort of crap about the bank.

I like them a lot. There's a level of peace of mind with them unlike some banks

All the corn munching imps have all disappeared.
They are all in their toilets now with running stomach 😅

michroskrve:
Another propaganda by Obidients and Arise to sell the Packaged fraudster. Fidelity is Owing billions of Naira and he is rated A+. Your propaganda didn't work 2 years ago. Una never learn lesson

Pain is that you?

visaclick:
These ratings i don’t believe them o, and how they have become furious lately seems something fishy, like they are a sinking ship. Few days ago they said their yellow papaw md bought all the shares. Does that even make any sense?

You wouldn't know,for no be buying and selling of Consumer Foods be this?