GCR upgrades Fidelity Bank rating on stronger capital position
GCR Ratings has upgraded Fidelity Bank Plc’s national scale long term issuer rating to A Plus (NG), from A (NG), while affirming its short term issuer rating at A1 (NG). The outlook remains stable. The upgrade reflects Fidelity Bank’s significantly strengthened capital position following the addition of NGN227.0 billion to its total core capital. GCR […] The post GCR upgrades Fidelity Bank rating…
On December 2025, Fidelity Bank Plc had a total asset base of NGN10.5 trillion, representing nearly 8.0 percent of the banking industry's gross loans. GCR Ratings has now upgraded the Nigerian bank's long-term issuer rating to A Plus (NG) from A (NG), citing its significantly strengthened capital position. This upgrade was made possible by the addition of NGN227.0 billion to the bank's total core capital in 2025, which brought its GCR core capital ratio to 29.4 percent by March 2026, up from 17.2 percent in December 2025.
Fidelity Bank's strong domestic market position, stable funding base, and healthy liquidity profile also contributed to the upgrade. The bank holds approximately 90 percent of its customer deposits in current and savings accounts, which provide a solid foundation for sustainable funding. The bank plans to leverage its international banking licence to expand into three additional African markets over the medium term, further strengthening its competitiveness among rated peers.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- GCR upgrades Fidelity Bank rating on stronger capital position dailypost.ng
- GCR upgrades Fidelity Bank rating on stronger capital position premiumtimesng.com
