’Femi AsuFidelity Bank has said it will continue to increase the adoption and migration of customers to its digital platforms and increase its retail banking market share. The Chairman, Fidelity Bank, Mr. Ernest Ebi, at the annual general meeting of the bank in Lagos, noted that the bank closed the 2017 fiscal year with 83.5 per cent increase in profit after tax to N20.3bn from N11.1bn in 2016. He said, “We were able to achieve this stride through disciplined balance sheet management, strategic cost reduction and driving our retail banking strategy on the back of a robust electronic digital banking infrastructure. He said gross earnings increased by 18.3 per cent to N179.9bn primarily driven by an increased yield on earning assets to 15.4 per cent. Okonkwo said, “We expect the current economic recovery to continue with headline inflation receding to lower double digit.

Source: Punch May 30, 2018 00:00 UTC