Leading pan-African credit rating agency, Agusto & Co., has reaffirmed Fidelity Bank Plc’s ‘A’ rating and assigned an Environmental, Social, and Governance (ESG) score of ‘2’, signaling the agency’s assessment that ESG factors have minimal impact on the bank’s credit rating.
In a statement posted on the Agusto & Co. website, the agency highlighted Fidelity Bank’s improved profitability, robust refinancing capabilities, adequate capitalization, and low level of impaired credits as key factors contributing to the bank’s positive rating.
Fidelity Bank, a full-fledged commercial bank operating in Nigeria, has successfully served over 7.5 million customers through its extensive network of 250 business offices and digital banking channels.
The bank’s commitment to excellence and innovation has been recognized globally, as it was named the Best Payment Solutions Provider, Nigeria, 2023, and Best SME Bank, Nigeria, 2022, by the esteemed Global Banking and Finance Awards.
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Furthermore, Fidelity Bank has previously received accolades such as the “Fastest Growing Bank” and “MSME & Entrepreneurship Financing Bank of the Year” at the 2021 BusinessDay Banks and Other Financial Institutions (BAFI) Awards.