Fidelity Bank sees 2015 pretax profit at N23.5bn

Fidelity Bank expects pretax profit this year to reach 23.5 billion naira from 16.5 billion naira a year ago, the mid-tier lender said in a prospectus which it used to raise a 30 billion naira bond.

Fidelity Bank expects loan growth to hover between 15-20 percent from 2013-2015, driven by existing and new facilities made to power, agriculture, oil and gas sectors, it said.

REUTERS