FIDELITYBK - Fidelity Bank Plc
Fidelity Bank Plc, incorporated in 1987 as a private limited company with a Merchant Banking License, is a Nigerian commercial bank licensed by the Central Bank of Nigeria (CBN) with international authorization. As part of its growth strategy, the bank converted to a commercial bank in 1999, became public limited company in August 1999 and secured a Universal Banking License in February 2001. In line with the CBN’s modified universal banking regime, Fidelity Bank was granted an International Banking Licence in 2011.
In 2005, Fidelity Bank became one of the top 10 banks in Nigeria subsequent to its acquisition of FSB International Bank and Manny Bank. The bank currently has an extensive branch network with presence across all the major cities in Nigeria and in all the state capitals comprising 250 business offices, 833 automated teller machines, and 10,951 point of sale terminals.
Fidelity Bank listed on the Nigerian Stock Exchange (NSE) in May 2005 and currently has over 400,000 diverse shareholders consisting of Nigerian citizens and corporations as well as foreign investors. The company's stock has consistently paid dividends annually since it began trading on the NSE. In May 2013 and October 2017, Fidelity Bank respectively issued a 5-year $300million Eurobond and a $400million Eurobond, which were both listed on the Irish Stock Exchange, the former of which was fully redeemed in May 2018.
|Last Trading Results||Growth & Valuation|
|Opening Price:||2.00||Earnings Per Share:||--|
|Day's Low Price:||1.93||Price/Earning Ratio:||--|
|Day's High Price:||2.03||Dividend Per Share:||--|
|Traded Volume:||7,975,387||Dividend Yield:||--|
|Number of Deals:||64||Shares Outstanding:||28.97b|
FIDELITYBK Stock Market Performance
The current share price of Fidelity Bank Plc (FIDELITYBK) is NGN 1.95. The FIDELITYBK stock closed its last trading day (Thursday, October 22, 2020) at 1.95 NGN per share on the Nigerian Stock Exchange, recording a 2.5% drop from its previous closing price of 2.00 NGN. FIDELITYBK began the year with a share price of 2.05 NGN but has since lost 4.88% off that price valuation, ranking it 95th on the NSE in terms of year-to-date performance. Shareholders' fears may be allayed by the 8.33% increase of FIDELITYBK share price in recent weeks - since September 23. The table below details the last 10 trading days of activity of Fidelity Bank Plc on the Nigerian Stock Exchange.
Profile of Fidelity Bank Plc
Fidelity Bank Plc operates in the Financials sector, specifically, the Banking industry. The company is led by Nnamdi John Okonkwo (55) as its Managing Director/Chief Executive Officer, since 2014. The company's board of directors, chaired by Ernest Chukwudi Ebi (70), is composed of 14 members whose names are listed below.
- Ebi, Ernest Chukwudi
- Okonkwo, Nnamdi John
Managing Director/Chief Executive Officer
- Odinkemelu, Aku P.
- Onyeali-Ikpe, Nneka
- Joshua, Gbolahan
- Imam, Hassan
- Odeghe, Obaro
- Inuwa, Isa Mohammed (Alhaji)
- Adetu, Otunba Seni
- Ojukwu, Alex C.
- Okeke, Michael Ezechukwu
- Akuma, Kings C.
- Umolu, Charles C. (Chief)
- Agbapu, Chidozie
|Factsheet of Fidelity Bank Plc|
2 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria
FIDELITYBK Industrial Market Competitors
Fidelity Bank Plc, issuers of the FIDELITYBK stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or the Banking industry. The table below gives you an overview of the market standing of the top 10 by year-to-date performance.
|Code||Name||Mkt. Cap.||L. Price||YearTD|
|ETI||Ecobank Transnational Inc||82.57b||4.50||-30.8%|
|LAWUNION||Law Union & Rock Insurance||4.73b||1.10||+120.0%|
|UCAP||United Capital Plc||22.80b||3.80||+58.3%|
|AFRIPRUD||Africa Prudential Plc||11.10b||5.55||+38.8%|
|CORNERST||Cornerstone Insurance Company||10.90b||0.60||+33.3%|
|FCMB||FCMB Group Plc||48.32b||2.44||+31.9%|
|NPFMCRFBK||NPF Microfinance Bank||3.20b||1.40||+21.7%|
|AIICO||Aiico Insurance Plc||11.56b||0.85||+18.1%|
|VALUEFUND||Sim Capital Alliance Value Fund||3.69b||115.05||+11.5%|