Biography
Onyeali-Ikpe has been an integral part of the transformation team at Fidelity Bank in the last six years.
Full Data of Nneka Onyeali-Ikpe Age, Profile and Biography. |
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|---|---|
| Occupation | Banker |
| Years active | 1990 – present |
| Employer | Fidelity Bank Nigeria |
| Title | MD/CEO, Fidelity Bank |
Early life
Nneka Onyeali-Ikpe was born in Awka, Anambra State, in Eastern Nigeria. She also lived in Owerri, Imo State, where she studied at the Federal Government Girls’ College.
Education
Nneka Onyeali-Ikpe has a law degree from the University of Nigeria, Nsukka. She also has a master’s degree in Law from King’s College London.
Career
She started her banking career as a legal officer with the defunct African Continental Bank in 1990. She then joined the First African Trust Bank as a treasury officer. She later joined Zenith Bank and Standard Chartered Bank respectively.
Enterprise Bank
In 2011, she joined Enterprise Bank as an executive director of the bank’s operations in Lagos and other locations in the South-Western region in Nigeria.
Fidelity Bank
Nneka Onyeali-Ikpe joined the commercial bank Fidelity as an executive director in January, 2015. Fidelity Bank announced Nneka Onyeali-Ikpe as its managing director in December 2020.
Personal life
Nneka Onyeali-Ikpe Biography, Age & Marriage
Nneka Onyeali-Ikpe is married
Gross Earnings increased by 37.9% YoY to N154.8bn on account of a 52.9% growth in interest income to N136.2bn from N89.1bn in H1 2021.
The increase in Interest Income was driven by the improved yield on earning assets and 14.9% YTD expansion in earnings base to N2,546.5bn.
Similarly, Net Interest Margin improved to 6.4% from 4.7% in 2021FY due to improved yields on average earning assets and a decline in average funding cost.
Average yields on earning assets increased by 211bps YoY to 11.5%, while average funding cost declined by 84bps to 4.0% YoY, which resulted in 50.4% growth in net interest income to N75.6bn.
The release of the half-year results coincides with the bank’s recent announcement on expanding to the United Kingdom with its proposed purchase of Union Bank U.K.
Commenting on the proposed acquisition, Onyeali-Ikpe said: “We recently executed a binding agreement to purchase a 100.0% equity stake in Union Bank U.K. Plc in line with our strategic objectives and business expansion drive.
“Union Bank U.K. offers a compelling synergy we hope to build on, to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services.”
On the back of the positive H1 2022 performance, the board of fidelity bank approved an interim dividend of 10k per share, making it the first time the bank will pay an interim dividend in its 34years history.
