NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]
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Says claims of high cost of operation exaggerated Assures move will enhance value addition for shareholders Urges CBN to take a position of cryptocurrency Having obtained regulatory approval in principle, GT Bank Plc plans to join some of its peers in the banking sector to diversify its financial services under a holding company (HoldCo), which […]
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For its continued investment in digital innovation, Africa’s largest retail bank, Access Bank PLC has been recognised as the ‘Best Digital Bank in Africa’ by Asian Banker. The announcement was made at the Asian Banker Middle East and Africa Regional 2020 Awards virtual ceremony. Access Bank, over the years, has leveraged technology including advanced analytics, […]
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Nigerian commercial banks have written off N1.9 trillion bad loans from their books in the last four years, according to a report by Agusto & Co, a credit rating agency. This was contained in the firm’s 2020 Banking Industry Report which linked the banks’ actions to weak macroeconomic climate and the introduction of the International […]
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