Tag: Fidelity Bank
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Fidelity Bank holds fire safety drill at head office annex
Fidelity Bank organized a fire safety exercise at its Head Office Annex, Orange Height at Tesano in Accra in association with the Ghana Fire Service, NADMO, National Ambulance Service and the Ghana Police Service. The exercise was to test and demonstrate the bank’s readiness in the unlikely event of a fire disaster. This also forms…
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Fidelity Bank supports British High Commissioner’s Ghana Grand Cycling Challenge
Fidelity Bank was a leading supporter of The Ghana Grand, a historic fundraising bicycle tour and personal initiative of Mr. Iain Walker, The British High Commissioner to Ghana. The 1,000km cycle commenced in Tumu in the Sissala East Municipality and concluded at the Independence Square in Accra on Sunday 18th August. The initiative was an…
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Fidelity Bank outdoors Visa Contactless Cards and PoS terminals
As part of Fidelity Bank’s ongoing digital transformation to support our aggressive customer-centric drive, Fidelity Bank has introduced Visa-contactless cards and is increasing contactless card enabled POS Terminals in Ghana. Fidelity Bank is the first mover to further entrench its focus on customer convenience. By this action, Fidelity Bank joins an international group of Visa…
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Fidelity Bank opens Digital Branch at East Legon
Fidelity Bank has opened an ultra-modern digital branch at East Legon to serve residents and surrounding businesses with the best banking services in a comfortable and friendly atmosphere. Located on the Lagos Avenue, it is the latest addition to the existing 75 branches of Fidelity Bank across the country. The East Legon Branch is the…
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Local suppliers in petroleum upstream sector cry over high cost of credit
Local suppliers in the Petroleum Upstream sector are asking commercial banks to review downwards the cost of credit. The companies complain most of the banks charge relatively higher rates on loan packages which affect their returns. The local suppliers in the Petroleum Upstream sector are businesses that provide various services to major oil companies that…
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Fidelity bank records GH¢164m in profits for 2018
Fidelity bank posted a profit after tax of 164 million cedis in 2018. This is 82 percent higher compared to the previous year’s performance. Within the period, the bank also worked to reduce its exposure to impairment by 17 percent. The management attributed the development to its strengthened credit risk policies. Speaking to Citi Business…
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Fidelity bank appoints Julian Kingsley Opuni as new MD
Fidelity Bank has appointed Julian Kingsley Opuni as its new Managing Director. His appointment took effect on December 1st 2018. Mr. Opuni takes over from Jim Baiden who retired as the MD of the bank in October 2018. Until his appointment, he was the Deputy Managing Director; a position he held since November 2017. Julius Kingsley…
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Investor confidence influences ‘lower’ interest on 10yr energy bond
Economists have attributed the relatively lower interest rates on the re-opened ten year energy bond to the relative stability in the Ghanaian economy. The managers of ESLA Plc, the entity mandated to raise money to settle the energy sector debts, yesterday had its ten year bond oversubscribed at an interest rate around 19 percent. This…
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ESLA Plc closes tap in of 10 yr bond today
The Managers of ESLA Plc, the entity mandated to raise money to pay Ghana’s energy sector debts, are expected to close the re-opening of the 10 year bond, on Wednesday, January 24, 2018. ESLA Plc in November 2017, issued 7 and 10 year bonds to raise some 6 billion cedis to settle outstanding debts in…
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Energy bond auction ends today
Government is expected to conclude the auctioning of the energy bond Friday, November 3, 2017; barring any last minute changes. Managers of the bond had to extend the auction for the bond after they failed to raise the 6 billion cedis expected. The 7 year bond made the 2.4 billion cedi mark after auctioning closed…