By NEIL HARTNELL

Tribune Business Editor

FIDELITY Bank (Bahamas) expects to return to profitability in the 2010 second half after suffering a more than $900,000 reverse that pushed it into a $327,247 loss for the six months to June 30, its chief executive telling Tribune Business its loan arrears, as a percentage of the total portfolio, was some 4.4 percentage points better than industry average.

Anwer Sunderji said the BISX-listed bank expected to benefit from a reduction in loan loss provisioning, as non-performing loans "levelled off", while interest margins were set to benefit from reduced "cost of funds" as deposit rates in the Bahamian commercial banking system came und ...

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