Sunday, January 23, 2022

    Fidelity Bank 2014 Q3 Profit before Tax Decline 2.0%

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    Babatunde Akinsola
    Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

    Nigeria’s mid-tier lender, Fidelity Bank Plc said on Friday said its third quarter 2014 profit before tax (PBT) declined 2.0 percent to N13.389 billion from N13.659 billion in the Q3 of 2013, the bank said in a filing with the Nigerian Stock Exchange.

    Profit after tax (PAT) went up slightly 1.7 percent to N11.247 billion from N11.064 billion recorded in the same period of 2013.

    However, gross earnings grew by 6.1 percent from N90.528 billion posted in the Q3 period of 2013 to N96.023 billion recorded in the review period of 2014.

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