Fidelity Bank Denies Bankruptcy Rumors

Fidelity Bank has debunked reports of impending bankruptcy, stating that a recent court judgment poses no threat to its solid financial position or obligations.

Fidelity Bank has denied claims that it is in financial trouble or facing bankruptcy. The bank responded to rumors linked to a recent court judgment, clarifying that its financial health remains strong and stable.

In a statement released on Monday, the bank reassured both its customers and investors that it remains financially sound and capable of meeting its obligations. It said the reports circulating online had misrepresented the situation and caused unnecessary concern.

“We would like to address recent misleading reports regarding a court judgment involving the defunct FSB International Bank, which have wrongly suggested that Fidelity Bank is facing bankruptcy. These claims are unfounded, and we want to assure our customers, investors, and the public that Fidelity Bank remains financially strong, profitable, and fully capable of meeting all its obligations,” the bank stated.

According to Fidelity, the matter being discussed involves a loan deal dating back to 2002, when the now-defunct FSB International Bank gave credit to G. Cappa Plc. The case has been through various legal stages, and the bank’s legal team is currently reviewing the judgment to fully understand its financial implications.

“The issue stems from a legacy transaction from 2002, in which FSB International Bank provided a loan to G. Cappa Plc. The case has undergone extensive legal processes, and we are currently seeking clarification on the judgment to ensure that the financial implications are correctly understood,” the statement explained.

The bank also expressed concern over what it called “malicious reports” and said it is taking steps to defend its reputation and the interests of its stakeholders.

“We take these malicious reports seriously and are committed to protecting our bank’s reputation and the interests of our stakeholders. Rest assured, Fidelity Bank continues to operate as one of Nigeria’s most capitalized financial institutions, with no risk of bankruptcy. Our Q1 2025 financial results clearly demonstrate our robust position,” the bank added.

Fidelity concluded by reaffirming its commitment to serving its customers and communities with the same values it has always stood for.

“We remain focused on our core values and are fully dedicated to supporting our customers and communities. Thank you for your continued trust in Fidelity Bank,” the statement read.

Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG