<\/p>\n
\u00a0<\/p>\n
Julian Opuni<\/strong><\/p>\n GLOBAL CREDIT Ratings (GCR), an international rating agency, has upgraded Fidelity Bank Limited\u2019s national scale long-term issuer rating from A to A+ and affirmed the bank\u2019s short term issuer ratings of A1 with a Stable Outlook.<\/p>\n GCR lists Fidelity Bank\u2019s sound domestic franchise, good distribution network and local geographic diversification, stable funding structure and good levels of liquidity as factors that underpinned the ratings. The agency added that \u201cthe ratings also factor sound capitalisation supported by robust internal capital generation\u2026\u201d<\/p>\n According to GCR, Fidelity Bank Limited is adequately capitalised with a forecast capital ratio of 25% over the next 12 to 18 months. The agency also indicated that the ratings may improve should the bank further diversify its revenue sources and maintain an internal capital generation rate of over 30%.<\/p>\n Commenting on GCR\u2019s upgraded ratings, Managing Director of Fidelity Bank Ghana, Julian Opuni, said: \u201cThe recognition and upgrade issued by a reputable international agency speaks volumes about Fidelity Bank\u2019s commitment to building a good governance culture and an effective risk culture for the benefit of all our stakeholders. This also represents the results of the loyalty and hard work of our staff over the years, as well as the confidence that our customers have in us.\u201d<\/p>\n \u201cFidelity Bank is grateful to each and every one who continues to support the bank to achieve great feats such as this. It is also our promise to consolidate our gains to ensure that Fidelity Bank is still positioned as one of the leading financial institutions in Ghana that continues to create value for all its stakeholders,\u201d Mr. Opuni added.<\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" \u00a0 Julian Opuni GLOBAL CREDIT Ratings (GCR), an international rating agency, has upgraded Fidelity Bank Limited\u2019s national scale long-term issuer rating from A to A+ and affirmed the bank\u2019s short term issuer ratings of A1 with a Stable Outlook. GCR lists Fidelity Bank\u2019s sound domestic franchise, good distribution network and local geographic diversification, stable funding […]<\/p>\n","protected":false},"author":1,"featured_media":1164765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1274,3058,4144,1824],"class_list":{"0":"post-1164758","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-banks","9":"tag-fidelity","10":"tag-raised","11":"tag-rating"},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1164758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1164758"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1164758\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1164758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1164758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1164758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}