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Nigeria
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

FIDELITY BANK PLC

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
FIDELITY BANK PLC

Headquarters
Fidelity Place, 1, Fidelity Bank Close Off Kofo Abayomi Street, Victoria Island, Lagos, NIGERIA.; Lagos; Lagos
Status: Listed
Legal Form: Other non-liability limited
Operational Status: Operational
ISIN CODE : NGFIDELITYB5
Financial Auditors: Akintola Williams Deloitte (2009)
Incorporation Date: May 17, 2005
Total Employees: 4,065

Tel: +234 1 2610408-12, 2700530-3

Company Description

Fidelity Bank plc is a Nigeria-based company. The Bank offering includes personal, private and corporate banking services, as well as diaspora banking. It also supports small and medium and large scale agriculture establishments within the Fidelity Agri-Nigeria Project. From January 1, 2006, the Bank merged its assets, liabilities and undertakings, including real and intellectual property rights with that of FSB International Bank Plc and Manny Bank Plc. The Bank was quoted on the Nigerian Stock
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Company Analysis

According to the Consolidated - Audited financial statement for the Year of 2011, total net operating revenues increased with 39.01%, from NGN 26,540,000 thousands to NGN 36,892,000 thousands. Operating result decreased from NGN 8,648,000 thousands to NGN 7,671,000 thousands which means -11.30% change. The results of the period decreased -12.19% reaching NGN 5,361,000 thousands at the end of the period against NGN 6,105,000 thousands last year. Return on equity (Net income/Total equity) went from 4884.00% to 4358.54%, the Return On Asset (Net income / Total Asset) went from 1.27% to 0.72% and the Net Profit Margin (Net Income/Net Sales) went from 23.00% to 14.53% when compared to the same period of last year.

Key Executives

Christopher Ezeh Chairman
Reginald Ihejiahi Chief Executive Officer
Reginald Ihejiahi Managing Director
Balarabe Mohammed Director
John Obi Director
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Balance Sheet

Total Assets

740,940,992

502,596,000

Shareholders Equity

123,000

695,000

* All the accounts are in NGN.
Income Statement

Total Operating Revenue

36,892,000

12,417,000

Operational Profit (Loss)

7,671,000

3,827,000

Net Profit (Loss)

5,361,000

3,043,000

* All the accounts are in NGN.
Ratios
Profitability Ratios

Return on Assets (ROA)

0.72%

0.61%

Annualised Return on Assets (ROA)

0.72%

1.22%

Return on Sales (ROS)

18.44%

24.51%

Gross Profit Margin

100%

100%

Operating Profit Margin

-37.8%

-47.8%

Efficiency Ratios

Fixed-asset turnover

0.04x

0.02x

Asset Turnover

0.04x

0.02x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-6,506,000

-5,935,000

EBITDA

-3,175,000

-5,935,000

Enterprise value

-108,242,788

34,509,464

Enterprise Value / EBITDA

34.09

-5.81

Bookvalue (BV)

740,940,992

502,596,000

Net Cash

150,668,992

42,679,000

Market ratios

Market Capitalization/EBITDA

-13.32

-12.89

Price/Book Ratio

0.06

0.15

Market Cap / Net cash

0.28

1.79

Trend Ratios

Revenue Trend

109.56%

98.11%

Net Income Trend

87.81%

91.96%

Operating Income Trend

94.45%

194.59%