Fidelity Bank has sacked at least 190 of its staff as part of ongoing staff rationalisation and restructuring within the bank.

Inside sources have told Starrfmonline.com the development, which has triggered uneasy calm within the banking institution is also due to overhead cost.

“We are also looking at streamlining things to position us as the leading bank in Ghana,” a senior official told Starrfmonline.com Thursday.

Starrfmonline.com understands the affected staff have been duly compensated with all the needed benefits.

Fidelity Bank holds the bragging right as the 2015 Bank of the Year. The bank fended off competition from 27 other local and international banks to pick up the coveted prize two weeks ago.

It was also adjudged the Best in Corporate Social Responsibility and Best Trade Deal.
In September 2014, Fidelity Bank acquired ProCredit Savings and Loans Company to become the first local bank to acquire a foreign savings and loans outfit in the country.