just laughing.

pelhurmy: plz,wea is WEMA bank

WEMA don die Tay Tay

Loskee: UNION BANK PEOPLE!!!
ENTERPRISE BANK...
FIDELITY!!!
FCMB!!!
STANBIC!!!
STERLING!!!
STANDARD CHARTERED!!!

NDI A, BEWAAAARRRRRREEEEE!!!!!!

Standard chartered is international bank.
Richer than all those banks combined

waoo I can picture three of d banks am banking with thr.

Repping 1st Bank

Thank God my money is save in 1st bank but for sterling bank i pray it does not fall as i get some little change there

braine: With the way Ecobank deduct their hidden charges from my account• I just dey look them• Bloody thieves•

PLS do sane people still use ECOBANK?last time I checked they wiped out my money in my acct,so I tell them tnxs and move my load 2 UBA and FIRST BANK sharply

Access Bank??
They should be ' TOO SMALL TO RISE'

.

ECO on that list spoilt the whole news

where una lease STANBIC IBTC BANK na

paranorman: First Bank of Nigeria Limited, Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, United Bank for Africa Plc (UBA), Access Bank Plc, Skye Bank Plc, Ecobank Nigeria and Diamond Bank Plc have been designated by the Central Bank of Nigeria (CBN), as “too big to fail”, owing to the fact that their failure could pose a systemic risk to the banking industry and the larger economy.

The eight banks alone account for 75 per cent of the banking sector in terms of earnings, profitability assets, customer deposits and branch networks.

The CBN, it was learnt, has therefore adopted a more robust regulatory regime to monitor and scrutinise the eight banks, in order to ensure that they are healthy.

The central bank has also asked the eight banks to increase their capital base in order to give them a buffer against internal and exogenous shocks.

Confirming this development, Deputy Governor (Operations), CBN, Mr. Tunde Lemo, described the financial institutions as systemically important because of their size.

Lemo pointed out that any bank that accounts for five per cent of the banking system is systemically important.

“What that means is that we have to take a closer look at them. It doesn’t mean that they are weak, it is just that we have to focus more attention on them because, God forbid, if something happens to any of them, it may affect the entire system,” Lemo said.

Asked about the capital base that the respective banks are expected to have, the CBN deputy governor said: “It is not that they were asked to raise their capital base, it is just that when an institution is designated as systemically important, it is required to have more capital.”

For Zenith Bank, its recently released results for nine months ending September 30, 2013 showed that its profit after tax stood at N64 billion with loans and advances of N1.1 trillion. The bank also reported gross earnings of N255 billion at the end of September 2013, up by 11 per cent from the N229 billion recorded in the corresponding period in 2012.

Zenith Bank’s total market capitalisation on the Nigerian Stock Exchange (NSE) stood at N675.024 billion yesterday.

Also, GTBank’s profit after tax stood at N69.24 billion at the end of September 2013, as against N63.734 billion earned in the same period in 2012. GTBank’s total assets also stood at N1.875 trillion, compared to the N1.73 trillion as at December 2012. Its share price on the NSE closed at N25.99 per share yesterday, giving it a market capitalisation of N764.916 billion.

In the same vein, UBA’s unaudited results for the nine months ending September 30, 2013 also revealed that its profit after tax climbed to N37.37 billion. With a market capitalisation of N257.255 billion on the NSE, its share price closed at N7.80 per share.

For Access Bank, its recently released unaudited nine-month results showed gross earnings of N154 billion at the end of September 2013. Its profit before tax also stood at N35 billion. Access Bank’s market capitalisation on the NSE was N213.269 billion yesterday, while its shares closed at N9.32 per share.

Skye Bank Plc’s gross earnings rose to N102 billion at the end of September 2013, while its profit after tax stood at N11.650 billion.
Diamond Bank also posted a profit before tax of N25.6 billion, while its total assets stood at N1.377 trillion at the end of September 2013.

First Bank of Nigeria Limited is yet to release its third quarter results because of its holding company structure. [Thisday]

The titanic was too big too fail...

need android phones?..

see the cool ones..http://abume4life..com/2013/11/top-10-android-smartphones-october_200.html

alexdidi: The titanic was too big too fail...

are u insane?

yuzedo: LOL! Lehman Brothers all over again... The way AIG was too big to fail but needed bail-out unless the entire system for turn Zimbabwe? Okay o!

Add number 9; Banana Iceland Bank... Since una no wan help una self!

A thorough audit of these institutions will surprise even Lucifer.. "Creative Accounting", i hail una for Naija... Continue deceiving yourselves!

Am I d only one dat noticed dat dis guy just made sense for d first time ?

braine: With the way Ecobank deduct their hidden charges from my account• I just dey look them• Bloody thieves•

Asin ehn,e dey pain me,walahi
I wan port go first bank.

Eco Bank!!!! I can't believe this

Chillisauce:

Standard chartered is international bank.
Richer than all those banks combined

says Who?

....and it made FP!! O boy, hard work pays you know - bringin genuine news ta Nlanders. I think i deserve a pat on the head from y'all! Abi i no try ni?

The only TBTF institutions in Nigeria are CBN and Nigerian government. The banks are better run than CBN and FGN. If it had left the banks alone, life would have been better for Nigerians.

walexy14: Eco Bank!!!! I can't believe this

Better believe it, na pan-African bank fa!

iterator25: says Who?

They control most international transfer.
Ask around.

This is a very bad report coming from a supposed regulator and promoter of our economy and financial system. What then is the job of CBN if they can't make all our banks healthy? What happened to AMCON bail-out funds, injected into the failed banks? The report seem to be a politically motivated.

On what metrics would Skye Bank, that relies so much on LASG funds and deals be classified as "too big to fail"? What then happens when there's a change in Govt., or the deals from LASG stops coming?

Where is Union Bank today, one of the pioneers in banking? So many bigger banks have failed before!


This report was probably done by an armchair CBN analyst! What a crap!

why CBN dey deceive una , the question you guys should ask yourselves who runs all central banks and who does all central banks answer to?

iterator25: says Who?

STANDARD CHARTERED IS AFRICA'S BIGGEST BANK

qplus:

Am I d only one dat noticed dat dis guy just made sense for d first time ?

I noticed it too. But its not the first time, are you a newbie?

1ast to commmmennnnt on 1st page

Rem the golden rule
Please do not post adverts in this section, to avoid being killed.

[Gist] : Singer Maheeda Takes Of Her Nun Cloths, Touches Her Privates & Goes Naked For Us
http://ventnaija..com.br/2013/11/maheeda-takes-of-her-nun-cloths-touches.html

teeo: They should remember what happened to the Titanic

poor brain, what brings titanic into this thread?

chukwudi44:

STANDARD CHARTERED IS AFRICA'S BIGGEST BANK

Not only Africa, whole of Asia.

2000usd to open account for individual .
Check am na

teeo: They should remember what happened to the Titanic

Ogbuefienubiaka: This CBN is just dum and not ready to learn anything. i work in one of the 8 banks mentioned that this kind of statement is not fair to others and to the industry as whole.

our CBN should should be sent to USA and advanc societ to learn why these regulators there hardly ever make any statement .

i hope this will not lead to another run on the other banks. just pity them

my brother i tire ooo this people made a fundamental error here, when the USA and other major economies are trying to make banks not to become to big to fail, our central bank is announcing it, puting others banks at risk. what a confused CBN, this the case of a regulator trying to kill the regulated