Buhari Presides over FEC, Osinbajo Takes Charge of ASUU Negotiations
Cabinet approves $5.8bn for construction of Mambilla power plant
For the first time in five months, President Muhammadu Buhari presided over the meeting of the Federal Executive Council (FEC) yesterday at the Presidential Villa, where he was greeted with a resounding applause from ministers as he walked into the chamber.
The meeting was the first to be presided over by the president since March, before he proceeded to London on May 7 for treatment of an undisclosed ailment.
cent in H1 2017, from 6.4 per cent (2016FY), just as growth in the yield on our earning assets outpaced the increase in funding costs.
“The process improvement and digital banking initiatives in the period helped to optimise our cost profile, as total expenses declined by 1.8 per cent (despite the high inflationary environment), leading to a reduction in our cost to income ratio (CIR) to 67.3 per cent” he stated.
“Fidelity Bank’s retail strategy continued to deliver impressive results in HI2017, as savings deposits, a measure of customer confidence, increased by 3.9 per cent to N161.1 billion in June 2017 on the strength of improved cross selling of our digital banking products with about 30 per cent of customers now enrolled on our flagship mobile (*770#) and internet banking products” he added.
With a presence in the major cities and commercial centers in the country, complemented by innovative digital banking products and channels, Fidelity Bank was rated as one of the top four banks in the retail segment in the recently published KPMG BICSS.
The bank, which is managed by a highly professional team and a reputable board of directors, commenced the interim audit of its financials in 2017 in line with its emphasis for continuous process and governance improvement.