Fidelity Bank (Bahamas) Limited (Bahamas)

The Bank was incorporated in 1978. Its common stock is traded on Bahamas International Securities Exchange under symbol FBB. The Bank is headquartered in Cable Beach, Nassau, The Bahamas.
The Bank was incorporated under the Companies Act, 1992 of the Commonwealth of The Bahamas (The Bahamas) and is licensed under the Banks and Trust Companies
Regulation Act, 2000 to carry on banking business in The Bahamas. Further, the Bank's joint venture Royal Fidelity Merchant Bank Trust Limited (RFMBT), a company incorporated in The Bahamas, is licensed under the Banks and Trust Companies Regulation Act, 2000 to carry on trust and banking business in The
Bahamas, and under the Securities Industry Act, 2011 to deal, arrange, manage and advise on securities in The Bahamas.
The Bank offers a full range of retail banking services, including internet and telephone banking, the acceptance of deposits, granting of loans and the provision of foreign exchange services through each of its four branches in Nassau, New Providence, its branch in Freeport, Grand Bahama and its newest branch on Paradise Island. Fidelity Bank Trust International Limited (the Parent Company), a Bahamian resident company, owns 68 of the issued shares of the Bank, with the balance of 32 being held by the Bahamian public.
Effective 1 January 2018, the Group adopted IFRS 9 Financial Instruments (IFRS 9) and IFRS 15 Revenue from Contracts with Customers (IFRS 15), which resulted in changes in accounting policies and adjustments to amounts previously recognised in the consolidated financial statements, as well as expanded notes disclosures.