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Fidelity Bank supports Buddy Walk
The Grand Bahama Down Syndrome Society received a boost from Fidelity Bank, a proud sponsor of the organization's annual fundraiser. The Buddy Walk, scheduled for tomorrow, May 11 is now in its second year. Proceeds raised from this event will be used to develop an early intervention resource guide for children with special needs and support the Grand Bahama Special Olympics team.
"Fidelity Bank takes pride in supporting an organization that strives to raise awareness and promote the acceptance and inclusion of children and adults with Down syndrome," said Allison Levarity, branch manager for Fidelity Bank in Grand Bahama. "Families are the cornerstone of communities and Fidelity puts top priority in supporting a charity whose vision is to empower every person with Down syndrome to realize their potential as productive contributing members of the Grand Bahama community."
The Buddy Walk is a one-mile walk event in which people with Down syndrome invite 'buddies' to walk with them, providing an opportunity to inspire and educate participants, while celebrating the many abilities and accomplishments of people with Down syndrome, according to Wende Hanna, president of the Grand Bahama Down Syndrome Society. "Last year, we achieved our goal of becoming a legal nonprofit organization through donations such as these, and we thank Fidelity Bank for its generous contribution as we are hoping that this year's walk will be bigger and better as we aim to complete the goals set for this year," said Hanna.
Down syndrome is a genetic condition which occurs when some, or all, of a person's cells have an extra copy of Chromosome 21. This additional genetic material alters the person's course of development and causes the characteristics associated with Down syndrome. With around 7 million people with Down syndrome worldwide, it is the most common and recognized form of learning disability.
Fidelity Bank encourages the entire community to get involved and become informed about this syndrome by logging in to www.gbdownsyndromesociety.com.
Fidelity Bank to Offer Free Women's Seminar
Fidelity Bank will be hosting its Women Only Seminar at the Sheraton Cable Beach Resort on September 29, 2012 from 9:30am to 1pm. The free seminar, themed “Simplify Your Life”, aims to give women sound, practical financial advice and the tools they need to achieve success in managing their money.
Fidelity Bank Supports the Grand Bahama Down Syndrome Society
Nassau, Bahamas - The Grand Bahama Down
Syndrome Society received a boost from Fidelity Bank (FBB: BISX) who is a
proud sponsor of the organization's annual fundraiser. The Buddy Walk,
took place on Saturday,
May 11th is now in its second year. Proceeds raised from this event
will be used to develop an Early Intervention Resource Guide for
Children with Special Needs and support the Grand Bahama Special
Olympics Team.
"Fidelity Bank takes
pride in supporting an organization that strives to raise awareness,
promote the acceptance and inclusion of children and adults with Down
Syndrome," said Allison Levarity, Branch Manager for Fidelity Bank in
Grand Bahama. "Families are the cornerstone of communities and Fidelity
puts top priority in supporting a charity whose vision is to empower
every person with Down Syndrome realize their potential as productive
contributing members of the Grand Bahama community.
..
Fidelity Bank donates to Grand Bahama Down Syndrome Society's annual event 'The Buddy Walk'
NASSAU, Bahamas -- The Grand Bahama Down Syndrome Society received a boost from Fidelity Bank (FBB: BISX) who is a proud sponsor of the organization's annual fundraiser. The Buddy Walk, scheduled for this coming Saturday, May 11th is now in its second year. Proceeds raised from this event will be used to develop an Early Intervention Resource Guide for Children with Special Needs and support the Grand Bahama Special Olympics Team.
"Fidelity Bank takes pride in supporting an organization that strives to raise awareness, promote the acceptance and inclusion of children and adults with Down Syndrome," said Allison Levarity, Branch Manager for Fidelity Bank in Grand Bahama.
"Families are the cornerstone of communities and Fidelity puts top priority in supporting a charity whose vision is to empower every person with Down Syndrome realize their potential as productive contributing members of the Grand Bahama community."
"The Buddy Walk is a 1 mile walk event in which people with Down Syndrome invite 'buddies' to walk with them, providing an opportunity to inspire and educate participants, while celebrating the many abilities and accomplishments of people with Down Syndrome," informs Wende Hanna, President of Grand Bahama Down Syndrome Society.
Assets up for Fidelity Bank and Trust
Total assets for Fidelity Bank and Trust International Limited rose by over $5 million as of December 31, 2010, despite investment in joint ventures dropping 41.9 percent during that time.
Income rise for Fidelity Bank in 2Q
Fidelity Bank Bahamas has returned to profitability for the six months ended June 30, 2011, as the BISX-listed company recorded $2.2 million in total comprehensive income for the period.
FIDELITY BANK ROUT FIRST CARIBBEAN
THE Bankers Softball League continued its regular season on Saturday at the Banker's Field at the Baillou Hills Sporting Complex with the following results posted:
Fidelity Bank defeated First Caribbean International 13-3.
British American Insurance stopped the Royal Bank of Canada 20-10.
The Bank of the Bahamas stopped Colina 21-9.
The CMC, a combination of banks, stopped CitiBank 22-8.
The BSL will continue its action on Saturday at the field with another slate of games tap, starting at 10:30 a.m.
Fidelity Bank To Offer Free Women's Seminar
Nassau, Bahamas - Fidelity Bank will be hosting its Women Only Seminar at the Sheraton Cable Beach Resort on September 29, 2012 from 9:30am to 1pm.
Fidelity reports 48 increase in comprehensive income
Fidelity Bank (Bahamas) Limited is reporting strong results for the first quarter of 2013, with comprehensive income increasing by 48 percent to $2 million in comparison to $1.4 million in 2012. The bank's return on average equity attributable to ordinary shareholders improved to 18.7 percent and its return on average assets increased to 2.0 percent.
Fidelity's efficiency ratio, which measures the percentage of revenue consumed by operating expenses, improved to 52 percent from 67 percent in Q1 2012. Its share price increased to $2.75, or by 31 percent, during the quarter reflecting the improving fundamentals of the bank.
Anwer Sunderji, Fidelity's chief executive officer said, "Total assets grew to $411 million from $387 million at year-end 2012 and loan assets increased to $284 million. Liquidity remained robust with the loan to deposit ratio at a comfortable 86 percent." He added, "The bank made additional loan loss provisions during the quarter of nearly $1.2 million and the pace of provisioning is likely to continue for the balance of the year."
Sunderji continued, "Save for the deteriorating asset quality, we are pleased with the bank's results for the quarter."
Fidelity is a 75 percent held subsidiary of Fidelity Bank & Trust International Limited with the balance owned by the Bahamian public. It is a bank holding company incorporated in The Bahamas with licensed retail banking subsidiaries in The Bahamas and the Cayman Islands. It operates primarily in the personal banking segment and has consolidated assets of over $600 million.
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