In its Q1:2020 results, Fidelity Bank Plc (FIDELITYBK) declared a decent topline growth of 5.65% YoY to NGN51.16bn. While interest income advanced by 11.40% YoY (to NGN 43.93bn), non-interest income significantly lagged its corresponding prior year performance by 19.56% to settle at NGN7.23bn. Interest income from loans, which typically accounts for 75% of total interest income, drove interest income growth with its 13.90% YoY growth.
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