Tag: Fidelity Bank
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Govt fails to raise 6 billion cedis for energy bond
Government failed to raise the 6 billion cedis for the energy bond it issued last week. Government was able to raise 3.4 billion cedis as at Friday, October 27, 2017. As a result, the managers of the bond have announced an extension of the auction for the 10 year bond by one more week. The…
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Govt to pay 17-19% interest on energy bond
Government may not be paying anything less than 17 percent in interest for the energy bond. At least this is the indication from managers of the bond following the announcement of their estimated interest rate for the energy bond. Lead managers of the bond, tell Citi Business News the target is also largely due to…
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Energy bond auctioning extended
The closing date for the auction of the energy bond has been extended to Friday, October 27, 2017. This is a day ahead of the initial scheduled date of Thursday, October 26, 2017. Subsequently, the issuing date for the bond has been rescheduled to November 1, 2017. This also is a day ahead of the…
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Investor confidence for energy bond positive
Lead managers of the energy bond have described as positive, investor confidence expressed at the road shows conducted ahead of the bond issuance. Government on Monday, October 23, 2017 concluded the two road shows for the energy bond to clear the 2.5billion dollar energy sector debt. The representatives of Fidelity Bank and Standard Chartered Bank;…
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COCOBOD loan to attract more local banks
More local banks are expected to take part in the syndicated loan for cocoa beans purchases for the 2017/18 crop season. This is the indication from the Ghana COCOBOD. The official signing ceremony for the loan agreement is scheduled for Wednesday, September 20, 2017. This will lead to the release of 1.3 billion dollars to…
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Fidelity Bank is 10; eyes acquisition of ‘smaller’ banks
Indigenous bank, Fidelity, has disclosed plans that it will consider acquiring smaller banks as the Bank of Ghana reviews its minimum capital requirement for commercial banks in the country. According to Fidelity, the decision is largely influenced by the bank’s robust performances over the last decade. “We are growing organically but then if there are…
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Fidelity Bank launches new Prestige banking services
2015 bank of the year, Fidelity Bank, has demonstrated its commitment to leverage on modern technologies to achieve its target of becoming a top banking institution in the country in the short to medium term. According to the bank, its partnership with IBM and continuous retraining of its human resource should culminate in meet the…
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Fidelity Bank targets stock market in 2 to 5 years
Indigenous bank, Fidelity, has disclosed to Citi Business News it is working to list on the Ghana Stock Exchange, at least within the next two years. The bank also believes the move will among others propel it into the top three banks in the short to medium term. According to the Managing Director of Fidelity…