In keeping with our stated vision of creating value for all our stakeholders, the Bank recorded an impressive performance in 2017 relative to 2016 on a number of key performance indicators.
The Bank recorded a growth in balance sheet size of 29% to GH¢5.38 billion. Operating income increased by GH¢62 million which represented a 13% growth over last year’s to end the year at GH¢523 million.
Our deposit base also increased by 24% to GH¢3.8 billion, having made extraordinary loan loss provisions in 2016, loan loss provisions reduced significantly in 2017 by 58% to GH¢ 71 million.
As a result of the aforementioned, the Bank recorded a 629% increase in profit before tax of GH¢135 million in 2017 compared to GH¢18.6 million in 2016.
The 2017 profit before tax represents 66% of the 2015 profit before tax.
– Board Chairman
Fidelity Bank 2017 Annual Report by Fuaad Dodoo on Scribd
