Fidelity Bank Increases Staff Salaries
Tier-one lender, Fidelity Bank Plc, has recently announced salary increments for its staff following a remarkable full year 2024 financial performance.
The salary increase announced in May follows a prior increment from November 2024 and aims to recognize staff contributions in customer service and achieving corporate goals.
It will be recalled that the Dr. Nneka Onyeali-Ikpe-led institution recorded the highest growth in year-on-year profitability in the Nigerian banking industry in 2024 with a 210% growth in Profit Before Tax to N385.2 billion.
Similarly, the bank recently announced that it was on the verge of closing out on the Central Bank of Nigeria-mandated recapitalization directive with a private placement exercise scheduled to conclude in June 2025.
