Fidelity Bank Plc on Wednesday said its application for an international licence had the full backing of its shareholders.
The group head of
marketing and communications in the bank, Emma Esinnah, told the News
Agency of Nigeria (NAN) in Lagos that the bank’s application for the
licence was approved by the shareholders in December.
Mr. Esinnah said
the ratification for an international status was made at an
extra-ordinary general meeting of the bank’s shareholders.
He said that
contrary to other opinions, Fidelity Bank had strictly adhered to the
parameters outlined by the CBN in its application.
He said the bank’s
preference for a global operational licence stemmed from the need to
position its financial intermediation in West Africa and the entire
African continent.
The bank’s
spokesman explained that its growth, stable balance sheet, and
meaningful returns to shareholders over the years remained its selling
point locally and internationally.
