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Stanbic IBTC Bank Appoints Sola David-Borha As Chairman Of Board

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Mrs. Sola David-Borha, Chairman of Board, Stanbic IBTC Bank Plc.

…Stanbic IBTC Bank Announces Appointment of Sola David-Borha as Chairman of Board

Olushola Okunlade Writes

The Board of Stanbic IBTC Bank Plc has announced the appointment of Mrs. Sola David-Borha as Chairman of the Board, effective 26 November 2021.

Sola recently retired as Chief Executive, Standard Bank, Africa Regions. She was previously Chief Executive of Stanbic IBTC Holdings PLC and prior to that, was also Chief Executive of Stanbic IBTC Bank PLC.

Mrs. David-Borha had an extensive career in the financial services industry which has spanned over three decades. Her executive educational experience includes the Advanced Management Program of Harvard Business School and the Global CEO Program of CEIBS, Wharton, and IESE. She is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and winner of the CNBC African Woman of the Year Award for 2016.

Together4ALimb: Stanbic IBTC holds Seventh Edition

While commenting on the appointment, Mr. Wole Adeniyi, Chief Executive, Stanbic IBTC Bank PLC, stated, “Mrs. David-Borha has held several leadership roles over the years in the group and once again, we are privileged to have her as the Chairman of the Board of Stanbic IBTC Bank PLC. The Bank will definitely benefit from her wealth of experience as she brings to bear her decades of experience and wealth of knowledge in the financial services industry”.

Mrs. Sola David-Borha takes over from Mr. Barend Kruger who resigned as Chairman of Stanbic IBTC Bank on 21 October 2021. Kruger, however, remains on the Board of Stanbic IBTC Holdings PLC as a Non-Executive Director.

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Fidelity Bank Renovates Classroom Blocks, Commissions ATM Gallery In Zaria To Drive Financial Inclusion

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Fidelity Bank Renovates Classroom Blocks, Commissions ATM Gallery In Zaria To Drive Financial Inclusion

Olushola Okunlade Writes

A leading financial institution, Fidelity Bank Plc recently commissioned the newly renovated  Madrasatul Anwarul Islam school in Zaria,  Kaduna State as part of its Corporate Social Responsibility (CSR) initiatives targeted across Nigeria.

Established over five decades ago by the emir’s father, late Maga in Garin Zazzau, Alhaji Nuhu Bamalli, Madrasatul Anwarul Islam is the alma mater of the current Emir of Zazzau and has produced several notable personalities in the country.

The bank also inaugurated a state-of-the-art Automatic Teller Machine (ATM) gallery to drive financial inclusion within the community.

Speaking at the official project commissioning event held on Saturday, 18 June 2022, Executive Director, North Directorate, Fidelity Bank Plc, Hassan Imam, said the bank’s decision to renovate the school was borne out of its commitment to making learning conducive for both students and teachers across the country.

Fidelity Bank Renovates Classroom Blocks, Commissions ATM Gallery In Zaria To Drive Financial Inclusion
Left-Right: Emir of Zazzau, His Royal Highness, Alhaji Ahmed Nuhu Bamalli; Executive Director, North Directorate, Fidelity Bank Plc, Hassan Imam; and Divisional Head, Brand and Communications, Fidelity Bank Plc, Meksley Nwagboh at the commissioning of classroom blocks renovated by the bank at Madrasatul Anwarul Islam, Kwarbai, Zaria, Kaduna State on Saturday, 18 June 2022. The bank also inaugurated a state-of-the-art Automatic Teller Machine (ATM) gallery at the Emir’s palace at the event.

According to Imam, “Our CSR footprint extends beyond education, healthcare and youth empowerment initiatives across the country as we are driven by the belief that we can only succeed as an organization when the people and community where we do business succeed. That is why we have taken it upon ourselves to help upgrade the facilities here at Madrasatul Anwarul Islam. Our hope is that the teachers and students in the school would put the facility to good use.”

“As part of our commitment to drive financial inclusion across the country and boost commerce in Zaria in particular, we have installed an ATM gallery at the emir’s palace. We hope this would make financial services easier and accessible to members of the Zaria community in line with our mission as a bank and thank the emir, His Royal Highness, Alhaji Ahmed Nuhu Bamalli, for his support in executing this project as well,” explained Imam.

Applauding the bank for its gesture towards promoting education and commerce in Zaria, HRM Ambassador Alhaji Ahmed Nuhu Bamalli encouraged members of the community to put the facilities to good use and protect them against vandalism. He also urged businesses and merchants to patronize the bank as a way of appreciating their efforts in developing the community.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 6.7 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

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Fidelity Bank Bags Award For Best SME Bank In Nigeria

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Fidelity Bank Bags Award For Best SME Bank In Nigeria

Fidelity Bank Bags Award for Best SME Bank in Nigeria

Olushola Okunlade Writes

Fidelity Bank Plc, one of Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards.

This time, the Bank has been recognized as the ‘Best SME Bank in Nigeria’ by the Global Finance Banking & Finance Awards 2022.

According to the organizers of the Global Banking and Finance review, the bank received the award after a comprehensive review and assessment of its intervention and provision of long-term financing support for small businesses across Nigeria.

Dedicating the award to customers and staff of the bank, Managing Director/ Chief Executive officer of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe said, “Our long-running support for the growth and development of small businesses stems from our recognition of SMEs as critical agents of economic transformation in Nigeria. That is why we constantly innovate new ways of helping them meet their objectives. I thank our customers for keeping faith with us and our staff for going the extra mile in delighting our customers”.

Fidelity Bank Bags Award For Best SME Bank In Nigeria
Mrs Nneka Onyeali-Ikpe, Fidelity Bank CEO.

According to Mrs. Onyeali-Ikpe, over the years, Fidelity Bank has developed a strong multifaceted SME banking franchise, driven by tailored products and services. She also noted that the bank has attractive offerings backed by the requisite one-on-one and cluster-focused advisory services and hand-holding support for SME customers.

The Global Finance Banking Awards are recognized globally and justly regarded as the industry standard for premier banking and financial services excellence with key sources of data and intelligence on the global banking and finance industry. The yearly awards recognize deserving financial institutions and corporate organizations, that drive innovation in the global financing community. They reflect on the achievement, strategy, progressive, and inspirational changes taking place within the financial sector.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 6.5 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria 2022 by the Global Banking & Finance Awards. The bank has also won awards for the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.

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FirstBank – Reaping The Benefits Of Solid Legacy

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FirstBank - Reaping The Benefits Of Solid Legacy

FirstBank – Reaping the Benefits of a Solid Legacy

FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience, and digging deep is working.

Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of non-performing loans (6.1%). Its capital adequacy ratio (CAR) increased to 17.4%, giving it the much-needed buffers required to withstand financial shocks and turbulent headwinds in the coming quarters.

FirstBank, one of a handful of banks that adopted the holding company structure, has been proven right as almost all the other tier-one competitors have emulated the model. As far as competition is concerned, FirstBank is fighting hard to recover lost grounds to the nimble fintech, the highly capitalized and efficient telcos, and their payment savings bank subsidiaries.

Indeed, FirstBank Nigeria is well equipped to fight amongst the sharks in this blood-soaked ocean.

We expect to see FBN stock rise in the months ahead due to its massive undervaluation and its evident potential upside. We recommend the stock as a BUY.

–  Financial Derivative Company

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