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Nairaland Forum / Nairaland / General / Business / First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet (16480 Views)
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First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by Adesiji77: 3:13pm On Aug 05, 2015 |
FBN Holding Plc (FBHN) is on dangerous grounds as Non Performing Loans (NPLs) spiked in the half year 2015 period.http://nairametrics.com/winter-is-coming-first-banks-rising-loan-losses-is-about-to-spell-doom-for-its-balance-sheet/ lalasticlala, davide470 2 Likes 2 Shares |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by chocolateme(f): 3:13pm On Aug 05, 2015 |
. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by daniska3yaro(m): 3:20pm On Aug 05, 2015 |
Hmmm my country |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by Nobody: 3:36pm On Aug 05, 2015 |
ok---are these details meant to give the shareholders -a head - into what FY2015 balance sheet would be like. I mean soft-landing for current directors and management team PR guys sef...poor management is poor management. Lets call a spade a spade. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by DankemzI(m): 3:38pm On Aug 05, 2015 |
I said it,... If an independent country that had it's own currency keeps presenting her budgets with U. S Dollars Instead of Nigerian Naira 7 Likes |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by raziboi(m): 3:38pm On Aug 05, 2015 |
until de touch ma money..!!! i wnt say anything... 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by deebsman1(m): 3:39pm On Aug 05, 2015 |
Nairametric is fast becoming the defacto authority when it comes financial reporting in the nigerian internet space 3 Likes |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by Remii(m): 3:40pm On Aug 05, 2015 |
everything is government related, salaries not paid for months, how will workers service loans, local contractors being owed trillions by govt, how will they meet their loan obligations, banks continue to slam charges and penalties on someone who already cant pay regular amount, smh for capitalism. 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by sellydion: 3:41pm On Aug 05, 2015 |
Let the music begins , we buy more. I am more of volume and dividend hunter. Over the years Elephant always get better. 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by RichDad1(m): 3:43pm On Aug 05, 2015 |
Onpe. While serious SMEs are being neglected to chase after useless money bag corrupt politicians. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by aameyah(f): 3:43pm On Aug 05, 2015 |
Gosh. Where will my savings be safe |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by yomalex(m): 3:44pm On Aug 05, 2015 |
Hmm |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by naijainfogalery: 3:46pm On Aug 05, 2015 |
lol |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by damilareoye: 4:16pm On Aug 05, 2015 |
make e no just affect my #2000 bank balance... Na dere you go know say something dey. 2 Likes |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by manie(m): 4:18pm On Aug 05, 2015 |
sellydion: FBN under the management of Onasanya and his cohorts is nothing to write home about, how can they give a loan of $400 million to an organisation and the loan is not performing, whereas average customers who need loans of N5 million and below are unable to get their loans approved. I learnt FBN exposure to the Oil and Gas sector runs into Trillions of Naira. The management and board of the company needs to be investigated by EFCC. 3 Likes 1 Share |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by sucess001(m): 4:22pm On Aug 05, 2015 |
hmmm... |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by abeniagbon(m): 4:26pm On Aug 05, 2015 |
NA WA THEY NEED TO BORROW THE POOR WHEN THE RICH CANNOT PERFORM. YEYE BANKS THAT CANNOT ORIENTATE POOR PEOPLE TO COME AND BORROW. NA SO SO BIG AMOUNT THEY EXPECTING. 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by eleko1: 4:30pm On Aug 05, 2015 |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by san316(m): 4:33pm On Aug 05, 2015 |
Their Risk apetite is so high that it negates their reason. Customers be coming to my small bank saying why dont u relax your processes n requirements like first bank n diamond bank. Well, we said we cant and they left. Now the customers are coming back because those big banks are now asking for bigger security with stiffer procedures. 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by Ephemmm: 4:35pm On Aug 05, 2015 |
But why is the cause of exposing many frivolous actions under this administration, whereas this might not be so if GEJ is still in power? I have never imagined our banks being in this mess before, honezly. To the bankers, please be on the lookout. No job is secured in Nigeria nowadays. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by smsshola(m): 4:47pm On Aug 05, 2015 |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by scribble: 5:03pm On Aug 05, 2015 |
Poor first bank |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by arabianights: 5:05pm On Aug 05, 2015 |
yes its a loss but it wont affect first bank.You clearly dont know just how bastardly rich this Bank is.They are the Goldman Sachs of west Africa and if care is not taken,Africa. First bank is a Major investor in oil and gas, telecommunications etc both here and overseas.Their account will swallow this loss.For goodness sake this bank lends money to other banks. 2 Likes |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by Nobody: 5:21pm On Aug 05, 2015 |
arabianights:Bros, you don't know jack about what you are saying. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by manie(m): 5:24pm On Aug 05, 2015 |
arabianights: They are the major financier in the Oil and Gas sector, their loan exposure to that sector is over N1 Trillion, how can a proactive management be concentrated to a sector. They will not finance manufacturing, agriculture, infrastructure, affordable real estate, small businesses etc. Instead of giving a loan of $400million to a company, it makes sense and it is a good risk management policy to give such a huge to loan to 10,000 promising small businesses at an average of N8million loan per business 1 Like |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by manie(m): 5:28pm On Aug 05, 2015 |
arabianights: FBN will definitely get out of this, but the top management and directors of the company needs to be shown the way out of the company. We the shareholders cannot allow insiders to ruin our investment in this great company. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by arabianights: 5:30pm On Aug 05, 2015 |
[quote author=manie post=36640584] FBN will definitely get out of this, but the top management and directors of the company needs to be shown the way out of the company. We the shareholders cannot allow insiders to ruin our investment in this great company. [/quote ok oooooo...................Heads will roll but i doubt if top management will be affected. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by arabianights: 5:31pm On Aug 05, 2015 |
manie: Hmmm..........Boss,get your facts right.Fbn invests in all the sectors that you claimed they avoid. 2 Likes |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by manie(m): 5:34pm On Aug 05, 2015 |
[quote author=arabianights post=36640644][/quote] It will affect top management, it is the board that can approve a loan of $10 million and above. The directors have somethings to say about the non performing loan, they did not due their their due diligence before the loans were approved or they are the beneficiaries of the bad and unsecured loans. |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by arabianights: 5:34pm On Aug 05, 2015 |
Thavybe: Really? i dont know jack about fbn or its wealth ?ok. you must not comment on what you have no idea on.Its not by force to sound intelligent.Look at,as big as you are,you dont know how to research and learn. I believe i have dignified your presence enough.Wont respond to you after this as you clearly are not intelligent or making attempts to develop your self |
Re: First Bank’s Rising Loan Losses Is About To Spell Doom For Its Balance Sheet by arabianights: 5:35pm On Aug 05, 2015 |
manie: Lets wait and see. Is this the first time such is happening? can you remember longe's issue?They must have learnt from that mistake. Mind you the many of the loans were set up before the loan limit was set |
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