Adikam:
dey re into daily contribution now dey go soon visit ur area

@ daily contribution, do u mean AKAWO?

victorv12: If your bank is not listed among the banks CBN mentioned, the earlier you transfer your money to another bank the better. Anybody that's familiar with the Nigeria banking system, whenever our bankers are trying to do some funny things, they always send out some signals.

It's now left for the entire public to decide their gameplay. Abeg everybody, try stay vigilant for ur money matter o! Nigeria bankers are not different from our politicians. They're even more dangerous than our politicians, because we trust them. Shine ur eyes!

Did you read the post to understand it or you scanned thru it?

To most posters here, please read the post again and this time read patiently.
They are not telling u that these banks are the best, but that CBN has to focus on them in d case of un-eventualities

na so dem tell us say oceanic bank,fin bank etc gud.where dem dey now.i dnt blv all these stories cos at d end all these banks will begin to fold up abi na disappear sef

PHIPEX: This CBN still hasn't learnt how to talk, of what benefit is this information to the general populace? How about doing its job without announcing to the world that some banks are more healthy than others? I hope this news wouldn't create unnecessary panic in the system.

I so wish I can UNLIKE this post
Yes I can
UNLIKESSSSS
Read the post and if u don't get the msg repeat it
Haba, upon say ur comment been wan make sense

How about wema bank and oceanic bank?na there my money dey o

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

hahaha i don die!

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

NDI A, BEWAAAARRRRRREEEEE!!!!!!

KEYSTONE
MAINSTREET

although still among GTB, but Zenith Bank Experience is too sweet...

before #teamGTB, but Now, #teamZenith

iterator25: #teamGTB

"Too big to fail" hmmmm sounds familiar

Lehman Brothers
CIT Group
Washington Mutual
General Motors
Enron
Worldcom

Companies that were also too big to fail
No bank is too big to fail,and if it does be sure Govt will bail them out to curtail disastrous effetcs it might bring on our economy.

CBN should get their facts right....my pocket is damm too big to fail....with the world best a.t.m(my hands)...and finger prints are compulsory...let dem beat dat menn....and d machine can withdraw from 5# to 500#...it pays 1000# sumtyms sha...now am i lying peeps

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]

LAIRS

The size of a bank has no relationship with the easy with which the bank can fail. The best determinant is the quality of the Bank's Assets(Loans given out) or better said, the soundness of the bank's book.

When Western Banks were failing - the lehman brothers, Merrill Lynch and the rest in America. Royal Bank of Scotland, lloyds tsb, Bank of Scotland in UK (All saved by direct buy over by British government), the investment bank owned by Dutch were going down; their sizes did not matter.

Back Home, Union Bank use to be one of the biggest; Afri Bank also; today where are they.

Do not let lairs deceive you. Any bank can go down given bad management, corruption and a weak monitoring CBN.

CBN copy copy. I just read an article on Forbes, where 80 banks were listed as too big to fail.

treatise:
The narratives imply the magnitude of impacts if any of the 8 fails not necessarily that those not mentioned are tendencious toward asphyxia. If any of the others fails, the spiral effects could be contained more easily if juxtaposed with the mentioned 8. I am stunned that most Nairalanders viewed the discourse in a comical and trivial manner. Hello !

Hi! Patrick Obaghiagbon on Nairaland... we hear you loud and clear. DUH?!
you, my grammarian need not be stunned, because Nigeria is a total comic right now. Nigerian people have tried in ways civil and barbaric to air their views with little reward for their good intents and purposes. so we will just sit back and observe as things unfold. when things start getting serious, we will also get serious. save your energies for the rainy day, fellow Nigerians.

Am truely disappointed at this statement from a regulatory bank like CBN.what kind of statement is this and what impression are they to create out there.All these are just political statement .don't be surprise that most of these listed banks are banks that settled some thieves in Cbn to come come out with such report.years ago that was they were singing the praises of oceanic,bank phb and intercontinenta
l banks but today where are those banks.CbN shud be sue for this report

smiley1985:

I so wish I can UNLIKE this post
Yes I can
UNLIKESSSSS
Read the post and if u don't get the msg repeat it
Haba, upon say ur comment been wan make sense

It is your choice my dear but what am saying is that this kind of news can be interpreted differently by different people. To some, it means the other banks can fail any moment and you know what that implies. Even if they are too big to fail, why make it a public service announcement? Remember what the public responses were when Soludo said our banks were immuned to global financial crises.

Biggest lie of 2013. The cbn is being run by dullards.

Oga governor sanusi and other stakeholders, what r u pple doing abt d evil practice of these banks who employ our graduates as contract staff, denying of incentives. Most of them struggle to dress well.pls u pple shld luk into this.

Why is FCMB not there and Wetin Access dey do for this list .

Na waoo,i sory 4comunity banks ooo,dat one na try ur luck,if e apen no blame anybdy

True_igbo: What happens to the. Like of Union bank- big strong reliable

Memories of PAST GLORY!

For those that have used the title to make comments, let me give you what the appropriate title to the write up should have been, "Eight Nigerian Banks Are Too-Big-To Be Allowed To Fail!" - CBN)"

Please note the bolded

Malakh: 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?

U mean "world bank" ?

Thank God My Banks Made The List
Gtbank And Ecobank
My Chicken Change Dey Safe Hands Sha
Hey Guys Pls Use This Link When You Wanna Shop Online, Its Safe To Shop Here http:///?k_id=JayBoss
I am inviting you to come and join my league and prove your worth guys, its the best on GFM the pin is 7271 and the league name is YBNL League.

Arrange from least to best

FirstBank (least)------Gtbank (best)

Most nairalanders dont understand english. CBN does not say these banks are strong. CBN says nigeria can't afford to see these banks fail. That the 8 banks own 75% of nigerian depositors. That it will be disasterious should any of these banks fail. That CBN needs to monitor their activities in other to forstall any calamity. Is a warning letter to these eight banks. Too- big- to- fail means too- costly- to fail. Imagine banks like zenith, gtb, firstbank and UBA liquidate. What do u think will hapen to our economy?

alexvatt: Most nairalanders dont understand english. CBN does not say these banks are strong. CBN says nigeria can't afford to see these banks fail. That the 8 banks own 75% of nigerian depositors. That it will be disasterious should any of these banks fail. That CBN needs to monitor their activities in other to forstall any calamity. Is a warning letter to these eight banks. Too- big- to- fail means too- costly- to fail. Imagine banks like zenith, gtb, firstbank and UBA liquidate. What do u think will hapen to our economy?

..okey we don hear you ahahah..!but dont insult people just contribute your own because we are all still learning ENGLANDISH..!

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

Sorry oooooooooooooooooooooooooooooooooooooooooo!

I just hate corporate bailout

Una wicked o..Wer my bank na..My 1 and only...Savanna bank all d way

LemonBoy1:

U mean "world bank" ?

Things don't happen in a vacuum buddy !

This is not a good thing from CBN

Noted!