Created before Nov 2016
Last update: 2019-10-03 12:11:54
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About Fidelity Bank
Fidelity Bank is a commercial bank in Nigeria. It was originally incorporated in 1987 as a private limited company with a Merchant Banking Licence, called the Fidelity Union Merchant Bank Limited. It converted to a commercial bank and changed its name to Fidelity Bank in 1999, and secured a Universal Banking License in 2001. The bank provides various banking and financial products and services to corporate and individual customers in Nigeria. Fidelity Bank became a signatory to the Equator Principles in November 2012, and is profiled as part of BankTrack's Equator Principles Track and Chase project.
Fidelity Place, 2 Kofo Abayomi Street
P. O. Box 72439 Victoria Island, Lagos
Nnamdi Okonkwo |
CEO & Managing Director
Annual report 2018|
CSR report 2018
listed on Nigeria Stock Exchange
Fidelity Bank's shareholder structure can be accessed here.
Voluntary initiativesFidelity Bank has committed itself to the following voluntary standards:
Fidelity Bank has no publicly available investment policies. The bank's corporate social responsibility page can be accessed here. In its 2018 CSR report the bank states that "we understand that our lending and investment decisions could in uncontrolled circumstances, produce negative environmental and social impacts. Consequently, we have developed systems and processes to identify, assess,mitigate, monitor and report such impacts."
Fidelity Bank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Fidelity Bank adopted the Equator Principles in 2012.
Reporting on the Equator Principles
Fidelity Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Implementation and reporting
Fidelity Bank is reporting on the implementation here.