LAGOS, April 16 Nigeria's Fidelity Bank
said on Tuesday its full-year pre-tax profit jumped
to 21.62 billion naira ($136.92 million), from 161 million naira
in the previous year, the bank said in a statement to the
Nigerian Stock Exchange.
It gave no reason for the increase, but Fidelity is one of
several banks that have posted strong results for 2012, after a
lacklustre 2011 mostly caused by write offs of bad debts across
Gross earnings rose to 78.99 billion naira, from 49.53
billion naira in 2011, the bank said.
It also declared a dividend of 0.21 naira per share,
compared with 0.14 naira per share previously.
($1 = 157.9 naira)
(Reporting by Oludare Mayowa; Editing by Tim Cocks)