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Fidelity Bank recorded a 6% fall in profit in the 9-months period to September 2025, after recording a massive N59.77 billion loss on its held for trading derivatives financial instruments.
Brand News Day Nigeria reports that the Bank entered into derivative contracts with counter parties; Total Return Swap with Mashreq Bank and Swap with the Central Bank of Nigeria (CBN) in the period ended 30 September 2025.
Profit for the period came in at N211.72 billion in 9-Months 2025, compared to N224.6 billion in September 2024.
Gross earnings rose to N1.114 trillion, up 44.3 percent from the year earlier period as interest income hit N843.47 billion. However elevated interest expenses of N414.2 billion up 76 percent year-on-year pushed net-interest income to N565.2 billion.
Fidelity Bank reported elevated other operating expenses of N267 billion in the period, up 43% compared to 9-Months 2024 levels.
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