Fidelity Bank Plc has announced its Board of Directors' decision to extend the employment contract of its GMD/CEO, Nneka Onyeali-Ikpe, from 2024 to 2026. The decision was taken at the Board meeting on February 12, 2024, according to a notice at the Nigerian Exchange Limited (NGX). The extension is in furtherance of the Bank's strategic objectives and premised on Nneka Onyeali-Ikpe's sterling performance since assumption in office on January 1, 2021. Fidelity Bank grew its Net Loans and Advances by 46 percent in 2023 to N3.093trillion, from N2.115trillion in 2022, while its deposits almost doubled in 2023, reaching a new high of N4.049 trillion from N2.591 trillion in 2022, up by 56 percent. The Board is confident that Fidelity Bank's performance will continue its upward trajectory under Nneka Onyeali-Ikpe's leadership and looks forward to working closely with her and the Executive Management Team on the execution of various strategic initiatives including international expansion.
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