Fidelity Bank was issued with its universal banking license in 2006, becoming the 22nd bank to be licensed by the Bank of Ghana, with the ambition to create a world class private, locally owned and sound commercial bank in an industry principally led by state-owned bank and subsidiaries of international banking groups.
The Bank has since posted an impressive performance, having grown at three times the industry average with sound portfolio quality. Fidelity was ranked 7th largest Ghanaian bank in term of total assets (and the 6th largest bank in terms of total deposits). Fidelity is now viewed as one of the best indigenous bank in the industry, with a 51 branches network, across 9 out of the 10 regions in Ghana, 73 ATMs across the country, a work force of 1550 employees and a customer base of over 400,000 clients. Its sound performances, culture of excellence and controlled growth have been recognised within the industry with a number of awards amongst which the “Best Growing Bank” title awarded three times since 2007.
Amethis role and value
The long term partnership Amethis intends to build with Fidelity relies on three points. First Amethis will foster cooperation with Fidelity based on its experienced team, its thick track record and its network in the Sub-Saharan Africa banking sector. The Edmond de Rothschild group’s expertise in financial services and private banking should also contribute to Fidelity’s value creation. Finally the bank will benefit from synergies with existing and future investees in Amethis’ portfolio.