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Fidelity Bank Plc has concluded plans to take its superior banking services to the overseas market in 2008. This is a major part of the bank’s overall branch expansion programme that will lead to the setting up of 50 new branches of the bank in strategic locations across Nigeria in the New Year.
Chairman of the bank, Chief Christopher Ezeh who revealed this at the bank’s recent Annual General Meeting (AGM) in Calabar expressed optimism that the proceeds of the bank’s recent Public Offer would stand it in good stead for the ambitious branch expansion project.
“We went to the market recently to seek fresh funds. The proceeds will available for use in the New Year. We are going to expand our business locations both in and outside Nigeria”, Chief Ezeh explained, pointing out that the bank is now better positioned to play in the lucrative sectors of the Nigerian economy.
Said he: “Having new funds means that we have more facilities to make available to customers for financing of manufacturing, oil and gas, telecommunications projects both in Nigeria and abroad. It means that we have more capacity to meet the requirements of our customers. Our customers, shareholders and stake holders should expect great things from Fidelity in the coming year because we have great things to show them”.
Managing Director/Chief Executive Officer of the bank, Mr. Reginald Ihejiahi said also explained that the choice of Calabar for the bank’s 19th AGM was informed by the need to maximize the potentials of different local markets.
According to him, the theme of the bank’s 19th AGM was to increase the scale of operations of Fidelity Bank in the context of the opportunities in the market place. Said he “we have approvals from CBN to set up new branch offices. We are working at maximum speed to make them happen. We consider our new locations as important investments. So, we take our time in choosing the best way to go. We expect to be in all strategic locations by the end of 2008”. |
