In H1:2022, Fidelity Bank Plc. (FIDELITYBK)’s gross earnings grew significantly (+37.88% YoY) to NGN154.84bn – the highest half-year number in at least five years. This impressive growth in topline was spurred by both interest (+52.86%) and non-interest income (+7.09%). The increase in interest income was largely driven by improved yields on earning assets (11.50% in H1:2022 vs 9.40% in H1:2021) and 14.90% YtD expansion in interest-earning assets.
