Fidelity Bank is looking at the acquisition of five commercial banks across the continent. This move comes on the heels of the bank’s recently finalizing acquisition in United Kingdom.

Fidelity is currently the sixth-largest lender in Nigeria with assets worth N4 trillion, and the bank has set new growth targets.

Fidelity Bank has set its sights on expanding its operations across Africa after acquiring the London unit of rival Union Bank of Nigeria Plc. The 35-year-old institution is in talks to purchase at least five banks across the continent and expects to complete the transaction in 2023.