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Access Bank Commits To Improving Children’s Welfare With South Africa Charity Polo Tournament

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ACCESS BANK POLO DAY SOUTH AFRICA

…Donates R360,000 to Nelson Mandela Children’s Trust Fund

Olushola Okunlade Writes

Access Bank Plc has further demonstrated its commitment to making a difference through charity as the Bank successfully hosted its maiden Polo tournament held at the prestigious Val de Vie Polo Club in Cape Town, South Africa.

The event was held to further create awareness and raise funds to support the education of underprivileged children in Africa.

In partnership with Fifth Chukker, through the Nelson Mandela Foundation, the initiative further deepened the Bank’s commitment towards impacting the environment and positively affecting the lives of underprivileged children in Africa.

ACCESS BANK POLO DAY SOUTH AFRICA
Access Bank Team, winners of the Access Bank Gold Cup pose with Ajoritsedere Awosika, Chairman, Access Bank Plc (3rd left) and Herbert Wigwe, GMD/CEO, Access Bank Plc (2nd right), during the Access Bank Polo Day which held at Val de Vie Polo Club, Cape Town, South Africa…recently.

Group Managing Director, Access Bank PLC, Herbert Wigwe who led other top officials of Access Bank to the event, expressed delight that the Charity tournament is achieving its main objectives.

“About 12 years ago, we decided to act and positively impact the lives of underprivileged children in Africa, including South Africa. The first Charity Tournament saw us impact 400 children and now, the number has grown to 12,000 children who have been educated across the northern part of Nigeria. Henceforth, every December will be dedicated to this cause; we will set aside money to support underprivileged children in South Africa through the Nelson Mandela Foundation,” Wigwe said.  

Access Bank Commits To Improving Children’s Welfare With South Africa Charity Polo Tournament
Presentation to The Nelson Mandela Children’s Trust Fund during the Access Bank Polo Day which was held at Val de Vie Polo Club, Cape Town, South Africa…recently.
Access Bank Commits To Improving Children’s Welfare With South Africa Charity Polo Tournament
Left-Right: Jann Steenkamp; Tom de Bruin; Ryk Neethling and Adamu Atta, Founder and Chairman, Fifth Chukker Polo Club; all of Access Bank team and winners of the prestigious Access Bank Gold Cup, pose with Herbert Wigwe, GMD/CEO, Access Bank Plc and Roosevelt Ogbonna, Group Deputy Managing Director, Access Bank Plc; during the Access Bank Polo Day which held at Val de Vie Polo Club, Cape Town, South Africa…recently

Chief Executive Officer, Access Bank South Africa, Sugendhree Reddy said, “This successful engagement was made possible because of the opportunities provided by the South African government to establish our presence in this relatively new market. Access Bank is here to deliver value and excellent service to customers in South Africa. Hence, we will collaborate with all stakeholders to create optimal solutions and serve as Africa’s gateway to the rest of the world.”

The event saw hundreds of game enthusiasts throng the venue to watch the beautiful game of Polo, as teams competed for the Access Bank Gold Cup and Emily Aig-Imoukhuede Memorial Cup – commissioned by Fifth Chukker in memory of one of Nigeria’s most accomplished women and former President of the National Council of Women Societies, Emily Aig-Imoukhede.

The Bank also donated the sum of R360,000 to the Nelson Mandela Children’s Trust Fund (NMCF), while funds generated from the sale of artworks at the event went to the Foundation.

Access Bank has been at the forefront of creating awareness and supporting the education of underprivileged children in Africa through raising much-needed funds for organisations such as UNICEF for this purpose.

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Fidelity Records PBT Of N76.3bn For H1 2023

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Fidelity Bank Records Stellar Performance in FY 2022

…Declares interim dividend of 25 kobo Per Share

Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result.

A review of the results published on the Nigerian Exchange Group (NGX) on Friday, 1 September 2023, showed a positive performance across all financial indices, reaffirming the Bank’s position as one of the fastest-growing and well-managed financial institutions in Nigeria. Gross earnings for the period grew by 59.6% to ₦247.1billion from ₦154.8billion reported in June 2022. Profit After tax stood at ₦61.9billion representing a growth of 166.0% over ₦23.3billion recorded in the corresponding period. This translates to an Earning per Share of 194kobo. The Bank’s Net Loans & Advances grew by 25.1% from ₦2.1trillion recorded as of December 2022 to ₦2.6trillion in June 2023 with corresponding growth in Customer Deposits which increased by 23.2% to ₦3.2trillion from ₦2.6trillion in December 2022.

The Bank’s balance sheet remained strong with a 27.4% growth in Total Assets from ₦3.9trillion in December 2022 to ₦5.1trillion. The Bank’s non-performing loans remained low and within the regulatory threshold at 3.24% with adequate coverage of 111%. Return on Equity (ROE) and Return on Assets (ROA) closed at 34.9% and 2.8% respectively.

On the back of the strong H1 2023 performance, the board of the bank approved an interim dividend of 25k per share making it the second consecutive year the bank would be paying interim dividends and another demonstration of its capacity to provide shareholders with sustainable value.

Commenting on the Bank’s laudable performance, Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc noted, “We are pleased to report on another period of quality growth across all financial and non-financial indices. Our performance during the first half of the year reflects the resilience of our bank and the fundamental strength of our business to deliver long-term sustainable value at a time that has been characterized by global economic headwinds. As a bank, we remain committed to our goal of helping individuals to grow, inspiring businesses to thrive, and empowering economies to prosper.

The Bank’s impressive H1 2023 results come to join a string of recent achievements by Fidelity Bank. It would be recalled that the Bank’s stock was reclassified from small-price stock to medium-price stock by the NGX in July 2023 on the back of a consistently impressive performance.

Similarly, the bank recently emerged as the company with the highest earnings per share on the NGX based on half-year financial figures for the second year running.

To sustain this sterling performance, the bank’s shareholders, at an Extra-Ordinary General Meeting held on 11 August 2023, unanimously approved a capital raising exercise via a Public Offer and Rights Issue.

“We will continue to monitor and proactively manage the evolving risks in the economy while ensuring our commitments to our customers and shareholders are fulfilled. The interim dividend of 25kobo per share, a 150% increase compared to the 10kobo interim dividend in 2022FY, attests to the value we place on the unwavering support from our shareholders”, stated Onyeali-Ikpe.

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8 million customers serviced across its 250 business offices and digital banking channels. The bank was recently recognized as the Best SME Bank Nigeria at the 28th annual Euromoney Awards for Excellence 2023; and 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 To Aid Schools Prepare For New School Sessions With Edu Loan Product

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Fidelity Bank records highest earnings per share on the NGX for H1 2023

By Moninuola Sulaiman

 

As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education.

 

Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary and tertiary institutions in Nigeria can access loans of up to N180million.

 

In a chat with journalists, Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede said, “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any nation and this informed our introduction of the Fidelity Edu Loan. Through the offering, privately-run educational institutions can access loans at a friendly rate for working capital needs like minor renovation on their school property, financing the purchase of school supplies like books, teaching materials, furniture or uniforms; and making salary payments.

 

“Similarly, schools can leverage the Fidelity Edu Loan to purchase fixed assets like school buses, generators and construct new school buildings.

To be eligible for the product, the requesting customer must have operated their educational institution for at least three years and should be duly registered with the relevant authorities.

 

“The Fidelity Edu Loan is part of our larger education finance proposition at Fidelity Bank as we aim to empower everyone within the education ecosystem, including the schools, parents, and contractors, with amazing financial and non-financial products and services.

 

For instance, we have the Fidelity Personal loan which provides instant loans of up to N5 million to employees of private and public organisations by simply dialing *770*08# from their mobile phones. This can become handy for paying school fees or meeting other personal needs”, explained Ede.

 

Fidelity Bank is a full-fledged commercial bank operating in Nigeria with over 8 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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Global Alliance For Banking On Values Visits LAPO Microfinance Bank

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Global Alliance For Banking On Values Visits LAPO Microfinance Bank

Rashidat Okunlade Writes

Martin Rohner, Director, Global Alliance for Banking on Values (GAVB) has visited LAPO Microfinance Bank, a member of the Global Alliance for Banking on Values (GAVB) and founding member of the GAVB- Africa Chapter.

Globally, the discussions on sustainable finance and climate change are on the front burner between State and Non-State actors. Energizing and leading this discourse are institutions and organized bodies such as LAPO MfB and GAVB. In 2019, LAPO MfB in partnership with GAVB organized the first-ever international sustainability conference themed “Enhancing Sustainable Finance in the Microfinance sub-sector” https://www.lapo-nigeria.org/Environmental-Social-Governance

Global Alliance For Banking On Values Visits LAPO Microfinance Bank

Left-Right: Israel Aibuedefe, Executive Director, Business Support, Cynthia Ikponmwosa, MD, LAPO MfB, Martin Rohner, Executive Director, Global Alliance for Banking on Values, Faith Osazuwa-Ojo, Executive Director, Operations, LAPO Microfinance Bank.

In a statement released by the bank, Oluremi Akande, Director of Marketing and Communications, says, “Beyond Savings and Loans, LAPO MfB is deliberate about its social performance. In essence, the bank has carefully designed social components into its business operations, products, and services it provides, to ensure a positive impact on people, and the planet, and profit in the most sustainable manner.

Akande reiterates, “Our vision is to continue to deliver triple-bottom-line returns through our genuine commitment to the implementation of our various ESG mandates, partnerships, and advocacy programs aimed at improving the lives of members of low-income households, especially, women and children”.

https://www.linkedin.com/feed/update/urn:li:activity:7087356785497452545 

The earth is our habitat; its sustenance largely depends on deliberate individual and collective actions!

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