FIDELITY Bank Plc has listed a total of N30 billion 7 years fixed rate 16.48 percent subordinated unsecured bonds due 2022 issued by the bank.
Shares of Fidelity Bank at the close of trading on the Nigerian bourse last Friday declined 4.96 percent to N1.34 from N1.41; losing 0.07 kobo per share.
Fidelity Bank Plc also stressed the importance of the Small and Medium Enterprises to the economy, saying it is the engine that drives economic growth.
The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, was quoted in a statement by the bank as saying this at the Lagos Chamber of Commerce and Industry Awards ceremony where the bank was named the Small and Medium Enterprise Bank of the Year 2015.
Okonkwo, who was represented by the Executive Director, Shared Services, Fidelity Bank, Chijioke Ugochukwu, explained that SMEs were the engine room of the economy, hence the focus of the bank to develop the sector.
Explaining that the award highlighted the lender’s role in SMEs sector, Okonkwo pledged that the bank would remain committed to the development of the sector.
According to him, the bank’s role in the sector was in line with the Federal government’s goal of boosting economic development through the SMEs.
Okonkwo, who commended the LCCI for establishing the award said, “This award is a testament to the bank’s efforts at raising a new generation of entrepreneurs through the deployment of tailored, low cost products and services which is in line with government’s objectives of reviving the economy.
According to the organisers, the lender came out on top in all the measuring parameters after a rigorous process involving competing SME focused banks.
The President, LCCI, Mr. Remi Bello, was quoted as saying that the LCCI Commerce and Industry Awards ceremony was meant to celebrate and recognise corporate organisations that had distinguished themselves and made economic impact notwithstanding constraints they had to grapple with.
Bello expressed satisfaction that many companies were overcoming the many challenges they faced to impact the society positively.

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