In austere times, Fidelity Bank promotes 963!

Fidelity bank has announced the promotion of 963 members of staff as reward for their excellence and quality service.

The largescale promotion comes at a time of perceived economic austerity owing to dip in crude oil prices and the accompanying fall in naira value.

According to Nnamdi Okonkwo, the bank’s managing director and chief executive officer, the promotion was part of the bank’s tradition of rewarding and motivating hard-working, committed and efficient staff members for higher productivity.

He said it came after a thorough appraisal of staff performance for 2014, which ended last week.

“In line with our commitment to ensuring people happiness and rewarding good performance, the names of our colleagues who qualified for promotion under the earlier advised criteria have now been released,” he said.

Okonkwo added that Fidelity maintains high professional culture, where exceptional performance, innovativeness and hard work are recognised and rewarded.

The promoted employees, he explained, were selected through an enhanced performance management system.

“The promotion exercise is significant because it is coming at a time that there are challenges in the business environment given the drastic fall in crude oil prices and its attendant ripple on the Nigerian economy,” he added.

“Despite the expectations that this financial year will be tougher than last year, our bank took the unprecedented step of elevating a total of 963 people.”

While congratulating the beneficiaries, he urged everyone to redouble their efforts towards achieving a better financial result this year, adding that the bank’s aim was “to remain an employer of choice”.

In 2011, the 26-year-old bank was ranked the 7th most capitalised bank in Nigeria.