Fidelity Adjudged Bank of The Year

Jim Reynolds Baiden, Deputy Managing Director of Fidelity Bank

Fidelity Bank Ghana Limited has been adjudged the best bank at the 15th Ghana Banking Awards held over the weekend at the Kempinski Hotel in Accra.

The prestigious awards ceremony, which is organized annually by Corporate Initiative Ghana, is viewed as the benchmark for the performance of banks in categories such as Customer Care, Trade Finance, Long-Term Loan Financing, Product Innovation, Corporate Social Responsibility and Financial Performance, among others.

Fidelity Bank also won the Trade Deal of the Year and Corporate Social Responsibility awards.

This is the second consecutive time that the bank has won the Corporate Social Responsibility Bank Award.

Fidelity Bank was adjudged 2nd Runner Up- Customer Care and 2nd Runner Up- Financial Performance.

Fidelity Bank in the year 2015 posted stellar results by increasing its profit before tax by 83 percent to GH¢205.8 million up from GH¢112.5 million in 2014.

The bank grew its deposits by 69 percent to GH¢3 billion from GH¢1.78 billion in 2014.

Fidelity Bank customer growth has been partly attributed to the bank’s acquisition and integration of ProCredit and also as a result of the ‘Save for Gold’ deposit promotion, which rewarded over 100 customers of the bank with three gold bars and 120 gold coins.

The bank is expected to launch its 10th anniversary celebrations in October, this year.

A Business Desk report

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