Fidelity Bank PLC 2024 AR2
The report highlights Fidelity Bank Plc's exceptional financial performance in 2024, with profit before tax increasing by 210% to N385.2 billion and gross earnings rising by 87.7% to N1,043.4 billion. The company successfully completed the first stage of its capital-raise exercise, with significant oversubscription in both the public offer and rights issue. On the sustainability front, the bank voluntarily adopted the European Sustainability Reporting Standards (ESRS) and elements of the Corporate Sustainability Reporting Directive (CSRD) for the first time. Key environmental initiatives included the installation of solar panels across branches and communities, while social efforts focused on youth and women financial inclusion, and the distribution of over 120,000 food packs through the Fidelity Food Bank Initiative.
Company: Fidelity Bank PLC
Sector: Financials
Country: Nigeria
Year: 2024
Type: AR2
Pages: 346
Fidelity Bank PLC
Annual Report
The report highlights Fidelity Bank Plc's exceptional financial performance in 2024, with profit before tax increasing by 210% to N385.2 billion and gross earnings rising by 87.7% to N1,043.4 billion. The company successfully completed the first stage of its capital-raise exercise, with significant oversubscription in both the public offer and rights issue. On the sustainability front, the bank voluntarily adopted the European Sustainability Reporting Standards (ESRS) and elements of the Corporate Sustainability Reporting Directive (CSRD) for the first time. Key environmental initiatives included the installation of solar panels across branches and communities, while social efforts focused on youth and women financial inclusion, and the distribution of over 120,000 food packs through the Fidelity Food Bank Initiative.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Water Consumption
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees