Fidelity Bank demonstrates resilience despite challenges -

FIDELITY Bank has shown resilience amid significant challenges. These include a fragile economy, rising loss provisions, and changing regulations. The Domestic Debt Exchange Programme has particularly affected the sector in recent years. Mr. Julian Opuni, Managing Director of Fidelity Bank, shared these insights.

He stated that since 2022, the bank has recorded consistent profits. This success reflects their sound strategy and strong leadership. The team has demonstrated grit and focus throughout this period. Although the 2024 audited financial report is not yet published, he is confident in their performance.

During a media engagement session in Accra, he highlighted growth in total assets. This growth is mainly due to increased customer deposits. Additionally, revenue and profit levels continue to exceed expectations.

Mr. Opuni also noted that the bank’s non-performing loans ratio remains well below the industry average.