Fidelity Bank Profits Up By 500 Percent

Posted by on May 9, 2009 at 9:20 am in Business, Financial Institutions

Omohakpor Enaye

Profit before taxation at Fidelity Bank is up by 500%. It rose from GH?0.477 million in 2007 to GH?2.7 million in 2008, up by GH?2.2 million (500%).

Net interest income went up by 72%. Operating income went up by 90%. Operating expenses went up by 77%. Financial investment inched up by 2%. Investment due from other banks went up by 20%. Loans and advances rose by 152%. Total assets rose by 50%.

Customer deposits rose by 30%. Deposit due to other banks jumped by 330%. Shareholders’ fund rose by 37%

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