I've attached the PDF report for all to read, what does this mean for us customers and/or investors? Proshareng.com mentioned the report all but in name, what are they afraid of? In my humble opinion it’s obvious that proshareng.com is a toothless coward that refuses to report the truth.
Isn't it about time timely and important facts getting to the average Nigerian investor but no, what actually happens is that our nepotism tendencies come to play. Only this time is not based on tribe but the ineffective and morally bankrupt stockbroker community and those who feed off it; proshareng.com included.
http://www.theafricareport.com/images/pdf/17/TAR17_7.pdfStrong• Diamond Bank
• First Bank
• GTBank
• Skye Bank
Assessment: Thriving, may be in a position to profit from the crisis
Satisfactory• Afribank
• Citibank Nigeria
• Equatorial Trust Bank
• Fidelity Bank
• Platinum Habib Bank
• Stanbic IBTC
• Standard Chartered Nigeria Bank
• United Bank of Africa
• Zenith Bank
Assessment:Some have margin lending issues but all will survive
Shaken• Access Bank
• Ecobank Nigeria
• First City Monument Bank
• Intercontinental Bank
• Oceanic Bank
• Sterling Bank
• Union Bank
Assessment: Serious governance issues need urgent attention
Stressed• First Inland Bank
• Spring Bank
(pending takeover appeal)
• Unity Bank
• Wema Bank
Assessment: On the ropes, will either sink or be swallowed