Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,153,860 members, 7,821,004 topics. Date: Wednesday, 08 May 2024 at 06:39 AM |
Nairaland Forum / Nairaland / General / Business / Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement (25506 Views)
New CBN Capital: 25 Banks Need N3.89trn Fresh Funds To Meet Requirements / Bank Recapitalisation: Presidency Backs CBN, Investors Rush For Mega-Banks Stock / Six Banks Meet Cbn’s Dividend Payout Rule (names) (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by StraightGaay: 3:29pm On Mar 16 |
Risingblue008:Na mumu you be |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by nony43(m): 3:30pm On Mar 16 |
Toluabigr8: They have a good IT team too, maybe because it is a foreign bank 2 Likes |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by toujurs: 3:32pm On Mar 16 |
Sterling,keystone,fcmb, Polaris, heritage,citibank,unity,union,titan,providus,standard chartered. If you have money in these banks. Remove asap. But i don't think you should be scared, this will only cause more jobless youth into the society. This is Nigeria, so i doubt this 1 trillion naira capital base is even realistic. |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by finallybusy: 3:35pm On Mar 16 |
This was a positive. They should do the exercise again. Having three solid banks in the country is better than twenty-four shoddy institutions. 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by israelmao(m): 3:36pm On Mar 16 |
99thEnemy: Don't be afraid,those that can't meet the new recapitalization will merge or be acquired . 2 Likes |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Chetas81(m): 3:37pm On Mar 16 |
ignis:but everything we do in this corner of the world, we're still taking permission from Western colony |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Trybes(m): 3:38pm On Mar 16 |
They failed to list the 17 banks that may not meet CBN recapitalisation, not surprising that is our local media for you. The western media will not publish this incomplete and hogwash piece 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by FireUpNow(m): 3:38pm On Mar 16 |
Risingblue008: That UBA nor well at all, for them to send common bank alert to notify a customer of payment into his or her account na thug of war. Very archaic bank and with very silly staff. 3 Likes 1 Share |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by egojeny1(f): 3:39pm On Mar 16 |
Sure for FUGAZ; FBN, UBA, GTB, Access, and Zenith. The remaining two I pray Stanbic is included 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Basicend: 3:41pm On Mar 16 |
toujurs: Citibank is an international bank. Standard Chartered is an international bank. Providus is not a full tier commercial bank. It is a regional bank. So most likely will not be required for compliance in this case. Others most likely will have issues. The only Nigerian banks that I think can survive it now are Zentih, GTBank, Access, FBN and may be UBA. Stanbic IBTC and Eco Bank are pan African banks and will get funds from parent branch. 10 Likes 1 Share |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by obaidan: 3:44pm On Mar 16 |
Loool if you like recapitalize from today till eternity, as long as CBN looks the other way when wives of Bank MDs, companies owned by their friends and children, churches attended by their MDs, friends and pals of Bank MDs keep getting loans they can't service without proper collateral for unproductive ventures(as it was in the case of Wigwes Access and RCCG), the banks will always struggle, be unhealthy and unable to serve the productive sector of the economy. The small and medium scale businesses will suffer too and the economy will suffer. 4 Likes |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Morbeta11(m): 3:47pm On Mar 16 |
Ewo....Lil Wayne is worth more than Nigeria banks security money After effects of " Subsidy is gone!" |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by phemmie06(m): 3:52pm On Mar 16 |
99thEnemy: |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by phemmie06(m): 3:54pm On Mar 16 |
If wishes are horses.... Risingblue008: |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by penta(m): 3:56pm On Mar 16 |
ijustdey: Bank Mergers is looming... 1. Barclay Bank 2. Standard/ Stambic Bank 3. Opay 4. Monipoint 5. Zenith + Access 6. GTBank + UBA + 5 other banks 7. First Bank 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by mcdokwe(m): 4:01pm On Mar 16 |
Kelklein:Straightforward banking when they charge me for recieving money without telling me 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by obaidan: 4:02pm On Mar 16 |
CodeTemplar:As things stand right now, with the kind of unholy alliance between bank CEOs and CBN, they wont have funds to give SMEs, the banks will rather give those funds to their own friends and the Dangotes of this world uncollaterized. Access will rather get billions approved for a parish of RCCG for a venture that is not a business venture that can pay tax into the system. 2 Likes 1 Share |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Hadeylex: 4:02pm On Mar 16 |
datola: First Bank GTBank Zenith Bank UBA 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by frog12: 4:05pm On Mar 16 |
we still have 24 banks in the country ?? |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Sirtee19: 4:05pm On Mar 16 |
It's quite unfortunate that no Nigeria bank was among the 10 richest bank in Africa according to the Bloomberg. Of the 10, South Africa took numbers 1-4 & 8. Egypt took numbers 5 & 9, while Morocco took numbers 6 & 10. Number 1 has $185 billion, while number 10 has & $28 billion. Our banking system still has a long way to go. 3 Likes |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Sirtee19: 4:06pm On Mar 16 |
It's quite unfortunate that no Nigeria bank was among the 10 richest bank in Africa according to the Bloomberg. Of the 10, South Africa took numbers 1-4 & 8. Egypt took numbers 5 & 9, while Morocco took numbers 6 & 10. Number 1 has $185 billion, while number 10 has $28 billion. Our banking system still has a long way to go. 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Kaa4(m): 4:10pm On Mar 16 |
Even though the current requrement of new recapitlisation came about becuase of the ill-planned and implemented exchanget rate problem, the banks did not require scuh magnidtude of new repcaitalisation. So that was a policy foisted challenge. The report was badly wrtten, and Nairametrics did a poor job. On the basis of the exchnage rate chnages, the Naira regulatoary capital requirment will be about NGN 250 and 300 billion. On the basis of inflation the banks will need NGN220 - 250 billion for national licence.The banks that have this much are many out of the 32 in the system. At least about 20 should be able to make it . Once implemeted the figures will cascade down and affect all the fianncail instituuons in the country. 2 Likes |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by bluefilm: 4:11pm On Mar 16 |
CartelKenneth: Since I started using opay, I don't even know that other banks still exist |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by frog12: 4:11pm On Mar 16 |
blame emefiele Sirtee19: |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by gentility411(m): 4:15pm On Mar 16 |
Faber: Na wa oooo,u no even.mention union bank. U no even respect dat bank at all |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by InvertedHammer: 4:18pm On Mar 16 |
Risingblue008:/ Move your money first before telling them / |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by mechanics(m): 4:20pm On Mar 16 |
Toluabigr8:Really? |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Faber(m): 4:22pm On Mar 16 |
gentility411:wetin be Union Bank? What type of animal is that? 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Blitzking: 4:23pm On Mar 16 |
ijustdey:This is very necessary...that's less than 235million dollars |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by TheGift: 4:27pm On Mar 16 |
datola: As someone who uses both GT Bank and Stanbic, (GT since 2005) I feel safer with Stanbic 1 Like |
Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by NothingDoMe: 4:29pm On Mar 16 |
Toluabigr8:One of the best banks in Nigeria. Have their own fault but still better than most. 1 Like |
GTB Freezes My Account For False Loan / Naira Hits ₦550 To A Dollar, EFCC Warns Banks Against FOREX Fraud / COVID-19 Funds Scam: Lady's BVN Used In Collecting Nirsal Loan
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 46 |