“I am a strong believer in looking for opportunities. You can go to Switzerland where everything works but there are no opportunities, or work within the South African market where not everything works but there are lots of opportunities,”
“We have been doing loan loss provisions every month from last year, which we saw was the prudent thing to do, the lockdowns have had a big impact on the economy and our business.”
The beneficiaries cut across senior, middle and junior management cadres of the bank, and the promotion was based on merit, using a transparent and robust performance management system in line with global best practice.
The global ratings agency assesses the Bank’s overall exposure to risks as “'Low', balancing 'Moderate' credit risk with 'Excellent' risk management policies, 'Low' concentration, and 'Very Low&
The Agency Banking model allows Fidelity Bank to set up a widespread network of Agents in communities across the country by partnering with consumer outlets such as neighbourhood pharmacies, mobile money vendors, grocery shops and supermarkets.