Fidelity Bank's Profit Declined By 56.86 per cent in 2013

Fidelity Bank Plc has announced a 56.86 per cent drop in profit for the financial year ended December 31, 2013.

The News Agency of Nigeria (NAN) reports that the bank’s profit for the year stood at N7.73 billion, from the N17.924 billion achieved in the preceding period of 2012.
The report is contained in the company’s audited results released by the Nigerian Stock Exchange (NSE) on Wednesday in Lagos.

The bank’s profit before tax dropped also to N9.03 billion, compared with the N21.35 billion achieved in 2012, a decrease of 57.70 per cent.