Fidelity Bank achieves N564.5bn capital base after successful Private Placement

Fidelity Bank Plc has achieved a capital base of N564.5billion after the bank successfully opened and closed a Private Placement of ordinary shares on December 31, 2025.

The Private Placement exercise resulted in the bank raising N259 billion, increasing its eligible capital from N305.5billion to N564.5billion, now awaiting regulatory approvals.

The Private Placement was conducted pursuant to the authorisation received from the bank’s shareholders at the Extraordinary General Meeting of February 6, 2025, to issue up to 20 billion Ordinary Shares by way of Private Placement.

Fidelity Bank had previously raised N175.85billion through a Public Offer and Rights Issue in 2024, bringing its eligible capital to N305.5 billion and leaving a margin of N194.5 billion to meet the new regulatory capital requirement of N500billion for commercial banks with international authorisation.