Browsing: Fidelity Bank

Fitch Ratings has certainty of fulfilment of Fidelity Bank Plc.’s financial obligations at ‘B-‘ and revised the outlook to positive from stable. The global rating agency also affirmed the bank’s national credit rating at ‘A (nga)’, and accorded an outlook on the lender as stable.

Fidelity Bank Plc benefited from a fresh rally on the Nigerian Exchange, led the gainers chart over a five day rally. The bank’s share price rose sharply, up by 23% week on week as value hunters and shareholders queued behind the financial services stock.