Fidelity Bank Showcases UK Financial Products

Added: 2026-05-30

[00:00:00]It's the unveiling of new financial products by Fidelity Bank UK Limited, a wholly-owned subsidiary of Fidelity Bank PLC. In attendance here are diplomats, business leaders, and other guests. The British Deputy High Commissioner in Nigeria, Johnny Baxter, says the launch reflects the growing financial relationship between Nigeria and the United Kingdom.

[00:00:26]>> What we are celebrating is a British bank, Fidelity Bank UK, wholly-owned by a Nigerian bank, Fidelity Bank, bringing financial products back to Nigeria. There is a beautiful circular uh economy within that, and I think that is something that is definitely worth noting and worth praising.

[00:00:51]And this launch represents so much more than just a business expansion.

[00:00:58]It is a clear demonstration of the deepening partnership between the United Kingdom and Nigeria in financial services.

[00:01:06]And the reason that that partnership is there, the reason that there is demand for that partnership, is because of our shared commitment to facilitating cross-border trade, investment, and sustainable economic growth through strong institutions, through innovation, through collaboration, and ultimately through institutions such as this that provide the financial wiring to allow that relationship to operate.

[00:01:39]>> The Lagos State Governor, Babajide Sanwo-Olu, is represented by his Commissioner for Finance, Abayomi Oluyomi. He says the partnership will strengthen investment flows, innovation, and economic growth between both countries.

[00:01:54]>> All the high net worth high net worth individuals in this room at this gathering looking to diversify and protect assets across borders.

[00:02:05]Fidback UK offers a private banking relationship grounded in regulatory rigor and institutional trust.

[00:02:13]This is not a catalog of products. It is a comprehensive financial architecture built specifically for people who live, work, and invest across Nigeria-UK corridor.

[00:02:24]>> For Fidback UK, the focus is on delivering premium banking experiences while expanding financial opportunities for businesses, diaspora customers, and high net worth individuals as the bank remains committed to helping customers access global investment opportunities, particularly within the UK real estate market, according to officials.

[00:02:50]>> Fidbank UK Limited we see our role as bridge connecting capital to opportunity ambition to structure and we support our clients with the discipline and expertise required to navigate global markets with confidence.

[00:03:08]Our focus this evening is the UK real estate market.

[00:03:12]A sector that continues to offer stable fundamentals for investors seeking reliable income diversification, and long-term value.

[00:03:21]>> Fidbank UK Limited is a wholly owned subsidiary independent subsidiary of Fidelity Bank Nigeria. Now, if you recall, this was an acquisition of old bank uh Union Bank that has existed in the UK for over 47 years. And it was acquired in 2023. And what we've done is obviously to re-engineer, reinvent all the services we provide uh within that system. And the products we are launching today are buy-to-let services and the custodial services we're are able to offer once our variation of permission is released in short order we hope and of course the card services and digital channels and offerings. So this is about showcasing to the market, showcasing to our customers that there is something exciting in the market and we are able to take them along in this journey supporting their businesses bringing capital both within the FI space and the corporate space but also our high network individuals are not left out.

[00:04:19]It's a total experience. Uh a good example is obviously the partnership we signed with Bicester Village which is a premium shopping destination. So when customers use the Feedbank card it's not just about making payments or shopping. Uh they are able to have valet parking, they are able to have discounts and you know for products and services that they obviously buy from there. They are the other special curated experiences we are putting together as well.

[00:04:44]>> With growing collaboration between Nigerian and UK financial institutions, Fidelity Bank says the expansion of Feedbank UK is expected to support cross-border trade, investment, and wealth creation.