The Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mr Nnamdi Okonkwo, in this interview with DAYO OKETOLA, talks about cyber risks, digitisation and the bank’s five-year strategic plan, among others
How far has Fidelity Bank gone with its five-year strategic plan?
Two years ago, we set out at Fidelity Bank to drive a five-year strategic plan, beginning from last year, that would see us migrate to a Tier 1 bank in the country by 2022. We want to break into the league of Tier 1 banks and grow organically, keeping in mind that the other banks are also growing.
This is my sixth year as the chief executive of the bank and by God’s grace we are driving the plan; the numbers show that we are making steady progress, year-on-year, in terms of balance sheet size, deposit and profitability.
As we are doing this, we are keeping our eyes on the safety of the bank. We have thus kept our eyes on the bank’s capital adequacy, liquidity ratios, risk management framework, governance and compliance practices, among others. For instance, as a result of our prudence in building up capital, we were able to cushion the impact of the implementation of IFRS 9; so we took the…
