{"id":12886,"date":"2017-05-05T12:07:42","date_gmt":"2017-05-05T11:07:42","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=12886"},"modified":"2017-05-05T12:10:27","modified_gmt":"2017-05-05T11:10:27","slug":"fidelity-bank-assures-increase-return-on-investment-as-shareholders-approve-dividend-payout","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-assures-increase-return-on-investment-as-shareholders-approve-dividend-payout\/","title":{"rendered":"Fidelity Bank Assures Increase Return on Investment \u2026As Shareholders Approve Dividend Payout"},"content":{"rendered":"

The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has assured that, with new indicators in the domestic economy taking a positive trajectory in the recent times, Return on Investment for investors in the bank in the year will also follow in that direction.<\/p>\n

The Chairman who made this disclosure as part of his major highlight while answering shareholders questions at the bank\u2019s 29th Annual General Meeting in Lagos on Thursday, noted that as a very prudent bank, its risk management team are working assiduously to also ensure a hitch free year.<\/p>\n

Mr. Ebi who said his experience in the banking industry would be brought to bear on the bank\u2019s operations, noted that this will also help to lift up the numbers in the year.<\/p>\n

Meanwhile, Shareholders on Thursday, unanimously approved the dividend payout the bank\u2019s management had earlier declared.<\/p>\n

Specifically, a dividend of N3.9 billion was paid for the year ended December 31, 2016. The dividend translates to 14 kobo per 50 kobo share.<\/p>\n

According to the Chairman, the bank would continue on the path of growth. He also expressed optimism that with positive developments in the economy, the bank would perform better this year. Ebi assured the shareholders that the bank would consolidate on its retail banking business.<\/p>

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\u201cThe headwinds are gradually going away and we can see light at the end of the tunnel. With the government now having an Economic Recovery and Growth Plan (ERGP), I think that is good news for businesses. Consequently, our priority remains to de-risk the business by way of a much disciplined risk management. Using our technology, we would drive effective service delivery for our customers in 2017,\u201d he added.<\/p>\n

Also, the Chief Executive Officer, Fidelity Bank, Mr. Nnamdi Okonkwo, described 2016 as a very tough year.<\/p>\n

\u201cWe remain solidly aware of the opportunity areas in 2017 and will work to grab the lion share. As we do that, we Will not relent on the plan to redesign our systems and processes to boost service delivery, intensify strategic efforts to reduce operating expenses and cost-to-serve, as well as improve our retail risk monitoring capacities to ensure both internal and external risks are promptly recognises and swiftly purged,\u201d Okonkwo added.<\/p>\n

Commenting on the bank\u2019s performance, the National Coordinator Emeritus, Independent shareholders Association of Nigeria, Mr. Sunny Nwosu, commended the performance of the bank, just as he projected an improved performance this year.<\/p>\n

\u2018\u2018We are happy that Fidelity Bank is delivering value to shareholders despite the challenges in the environment. I am sure that with the new chairman, there would continue to be innovation from the bank,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has assured that, with new indicators in the domestic economy taking a positive trajectory in the recent times, Return on Investment for investors in the bank in the year will also follow in that direction. The Chairman who made this disclosure as part of his major …<\/p>\n","protected":false},"author":11,"featured_media":12888,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[796],"coauthors":[2392,2393],"class_list":["post-12886","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-fidelity-bank"],"yoast_head":"\nFidelity Bank Assures Increase Return on Investment \u2026As Shareholders Approve Dividend Payout - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fidelity-bank-assures-increase-return-on-investment-as-shareholders-approve-dividend-payout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity Bank Assures Increase Return on Investment \u2026As Shareholders Approve Dividend Payout - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has assured that, with new indicators in the domestic economy taking a positive trajectory in the recent times, Return on Investment for investors in the bank in the year will also follow in that direction. 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