Fidelity Bank

[pegheneji]

Originally Posted by Oracle

FIDELITY BANK PLC 28 July 2011
Unaudited Q2 June 2011
2011 2010
Turnover N29.916b N27.088b
Profit Before Tax N3.827b N4.150b
Taxation (N784m) (N841m)
Profit After Tax N3.043b N3.309b
Balance Sheet Information 30-06-11 31-12-10
Fixed Assets N25.733b N25.469b
Investment N9.895b N11.249b
Treasury Bills N49.857b N32.559b
Loans And Advances N182.743b N159.560b
Cash and Bank Balances N42.679b N25.505b
Other Debit Balances N191.689b N227.272b
Deposits N344.173b N326.741b
Other Credit Balances N25.423b N18.696b
Net Assets N132.304b N136.052b

these are real hard times, even fidelity profit dey go down.

[cashrules]

Originally Posted by pegheneji

these are real hard times, even fidelity profit dey go down.

Fidelity problem different.. no be hard times….Dem no dey gree give loans!!!

Dem carry all their money go put for Treasury Bills…

[pegheneji]

Originally Posted by cashrules

Fidelity problem different.. no be hard times….Dem no dey gree give loans!!!

Dem carry all their money go put for Treasury Bills…

fear contributed to it, in one of the post, someone said the banks are no more after profit but risk management; they are all signs of hard times.

[waaan5]

Originally Posted by pegheneji

fear contributed to it, in one of the post, someone said the banks are no more after profit but risk management; they are all signs of hard times.

Yes oh! That is the vogue culture forced on them. Why venture and give the bull a 'justification' to attack you and destoy all you labored for and smear you? Better sit on the money, and continue collecting your peck of office

[knightofdelta]

Originally Posted by cashrules

Fidelity problem different.. no be hard times….Dem no dey gree give loans!!!

Dem carry all their money go put for Treasury Bills…

You will notice that they grew their loan portfolio by almost 15%. I think they tried in that department o...

[cashrules]

Originally Posted by knightofdelta

You will notice that they grew their loan portfolio by almost 15%. I think they tried in that department o...

Yea… but how come their PAT dropped even when their Turnover increased?

Abi dem don increase their staff and directors salary??

[Waves]

This stock has dropped below a long term support level of N2. To think that this stock is currently trading at a price below that of Union Bank, tells you the limit of fundamentals in this market.

[manemi]

Originally Posted by Waves

This stock has dropped below a long term support level of N2. To think that this stock is currently trading at a price below that of Union Bank, tells you the limit of fundamentals in this market.

By the way, is it safe to say that we have a Double Dip recession in the NSE? Looks like things are worst than 2008, as in many cases prices are lower than they have ever dropped!

[saheewale]

The Nation - Dokpesi: Court rules tomorrow in bankruptcy suit

[solo66]

FIDELITY BANK PLC
October 29, 2011
Unaudited Q3 (Sept. 2011)
Profit and Loss Information
Gross Earnings 30/09/2011 N47.0b 30/09/2010 N40.9b Interest & Discount Income 11 N32.27b 10 N29.56b Interest Expenses 11 (N12.47b) 10 (N10.11b) Operating Expenses 11 (N25.5b) 10 (N21.66b) Provision for losses 11 (N1.45b) 10 (N1.83b) Other Income 11 N14.7b 10 N11.39b Profit Before Tax 11 N7.55b 10 N7.35b Taxation 11 (N1.51b) 10 (N1.52b) Profit After Tax 11 N6.03b 10 N5.8b
Balance Sheet Information
Fixed Assets 30/09/2011 N26.87b 31/12/2010 N25.47b Investment in Securities 11 N66.37b 10 N43.8b Treasury Bills 11 N89.5b 10 N31.66b Loans & Advances 11 N204.78b 10 N159.6b Cash and Bank Balances 11 N46.17b 10 N25.5b Other Debit Balances 11 N224.7b 10 N195.6b Deposits 11 N490.1b 10 N326.7b Other Credit Balances 11 N32.6b 10 N18.7b Net Assets 11 N135.0b 10 N136.0b

[Salida]

Fidelity Bank receives ISO 27001 certificate

[gbengus]

Good day, my people, what is happening to Fidelity Share price, is this a good time to leverage my holdings and buy more.I throwa salute o.

[Babs_O]

Originally Posted by gbengus

Good day, my people, what is happening to Fidelity Share price, is this a good time to leverage my holdings and buy more.I throwa salute o.

How much do you think the dividend will be next year. If they can make another 14 kobo that is about 10% yield. They have alot of share issued and PAT has not grown this year. I cannot see them doing any much above 14kobo dividend. Summary it may become a 10% equity bond. I hope they wont come with a story for lower dividend in 2012.

[Salida]

Banks have no right to freeze customers account - Appeal court berates Fidelity bank

[Picolena66]

Nigeria: Alleged Debt - I'm Not Owing Fidelity Bank, Says Dokpesi *
Chairman of Daar Communications Plc, Chief Raymond Dokpesi, Thursday
told a Federal High Court Lagos, presided over by Justice Mohammed
Idris that he had settled all his debts to the bank and is now fully
discharged of all liabilities to the bank.
allAfrica.com: Nigeria: Alleged Debt - I'm Not Owing Fidelity Bank, Says Dokpesi

[cashrules]

FIDELITY BANK PLC
April 16th 2012
Audited Results (Dec, 2011)
Profit and Loss Information
Gross Earnings 31-12-11 N70.048b 31-12-10 N56.049b
Interest & Similar Income 11 N48.056b 10 N40.055b
Other Income 11 N9.460b 10 N7.534b
Interest & Similar Expense 11 (N18.979b) 10 (N13.515b)
Operating Expenses 11 (N38.878b) 10 (N29.857b)
Diminution in Assets Value 11 (N4.477b) 10 (N3.569b)
Profit before Tax 11 N7.671b 10 N8.651b
Taxation 11 (N2.310b) 10 (N2.543b)
Profit after Tax 11 N5.361b 10 N6.108b

Balance Sheet Information
Fixed Assets 31-12-11 N27.026b 31-12-10 N25.272b
Investment in Securities 11 N91.375b 10 N43.785b
Treasury Bills 11 N149.986b 10 N31.664b
Loans & Advances 11 N256.902b 10 N159.561b
Cash and Bank Balances 11 N82.271b 10 N25.505b
Other Debit Balances 11 N133.381b 10 N195.828b
Deposits 11 N560.365b 10 N326.741b
Other Credit Balances 11 N43.094b 10 N18.696b
Net Assets 11 N137.482b 10 N136.178b

Corporate Actions
Proposed Dividend 14 Kobo
Proposed Bonus Nil
Qualification Date April 26, 2012
Closure Date April 27 – May 3, 2012
AGM Date May 17, 2012
Payment Date May 23, 2012
AGM Venue Nil

Notes

[Mish]

Thanks guys for keeping us posted. Despite the problems bedevilling the banking industry, Fidelity Banker's 14k reward is impressive @ current price! Good payment date too!

[Picolena66]

* Nigeria: Fidelity Bank Makes N70 Billion Gross Earnings *
Fidelity Bank Plc has revealed that its gross earnings in its audited
results for the financial year ended December 31, 2011, increased by
25 to N70.05 billion over the N56.05 billion it stood in the
comparable period of 2010.
allAfrica.com: Nigeria: Fidelity Bank Makes N70 Billion Gross Earnings

[Picolena66]

Nigeria: Fidelity Bank Appoints New Executive Directors *
The Board of Directors of Fidelity Bank Plc has announced the
appointment of four new Executive Directors as part of efforts to
restructure and strengthen the management of the bank.
http://allafrica.com/stories/201204241338.html