Fidelity Bank Plc has announced a fresh round of salary increments for its employees, recognizing their contributions to the bank’s strong performance in 2024.

The latest adjustment, announced in May 2025, follows a previous salary increase implemented in November 2024. The bank said the move reflects its commitment to rewarding staff for their dedication to customer service excellence and the achievement of key corporate milestones.

This development comes on the heels of a stellar financial year for the tier-one lender. Under the leadership of Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, Fidelity Bank posted a 210 percent year-on-year growth in Profit Before Tax (PBT), reaching N385.2 billion— the highest profitability growth recorded in the Nigerian banking industry in 2024.

The salary increment also comes at a time when the bank is making strategic moves to meet the Central Bank of Nigeria’s new capital requirements. Fidelity Bank recently disclosed that it is nearing completion of a private placement exercise, aimed at satisfying the CBN’s recapitalization directive, with a conclusion expected in June 2025.

Fidelity Bank’s sustained financial growth and proactive workforce engagement continue to position it as a key player in Nigeria’s evolving financial landscape.