Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement - Business (3)

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Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement - Business (3) - Nairaland

Nairaland Forum / Nairaland / General / Business / Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement (25472 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)

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Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Bizibi(m): 4:39pm On Mar 16

Unity wema and ecobank are definitely on the list

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by WantsandMore: 4:44pm On Mar 16

Probably why AIG got back to Access Holdings...politicking

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by ViceGovernor: 5:00pm On Mar 16

Blaqbonez "big bank take small bank that's the law of the jungle"

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by valentineuwakwe(m): 5:02pm On Mar 16

Risingblue008:
I just wish dt uba is among

These pple no wan free my money since i tell dem say i wan close my account

They almost took offence ooo
For my own account
My money wey dem never refund don reach to pay for somebody shop rent

Oga no long story with them.....just transfer n withdraw all your money from the acct n leave it dormant n empty for them....dats all!

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Gamer999: 5:07pm On Mar 16

Toluabigr8:
Count Stanbic IBTC Bank out of that 17, the only bank that has structure and always compliant with CBN policies 100% is Stanbic IBTC Bank.

that bank too sweet, currently banking with them, hardly any issues

3 Likes

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by izubext007: 5:08pm On Mar 16

Opportunity to take over banks that belongs to igbos. Tuel

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Nyanabo(m): 5:33pm On Mar 16

Faber:
If you bank is not among FUGAZ,(FBN, UBA, GT, ACCESS and ZENITH Bank) Know say your dey play ping pong with your funds, your money fit loss at any time as those smaller banks go begin find ways and means to raise the new capital base. Shine ur eyes o

You missed one Stanbic IBTC. FUSGAZ

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by drginger(f): 5:37pm On Mar 16

I just opened an account with Taj bank. Hoping to use it as my piggy.
Omoh there is hardly network when using their app, it did not bother since I may not be making so many transfers from there.

But now, with this news I don dey reason to transfer my money out. I understand that the worst is that it gets merged or acquired, but taj bank does Islamic banking system, so who go merge with am or acquire am with similar system?

Mk i transfer first I dey come.

1 Like

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Faber(m): 5:42pm On Mar 16

Nyanabo:

You missed one Stanbic IBTC. FUSGAZ

yeah, that South African bank dey try

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by PropertyBuying(f): 5:55pm On Mar 16

It should be better for our Financial Sector's Health.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by toujurs: 5:56pm On Mar 16

Basicend:

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.

But all these are a piece of shit, if these other banks liquidate, do you know the number of people that will end up jobless, hmmm this is a dangerous path, the government shouldn't go through. It's not like these recapitalization has any much effect to the economy. If not safety of customers deposits.

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.

and you feel fidelity won't survive this? 😆. Fidelity is as strong as uba. But you won't know till action is required.

1 Like

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by PropertyBuying(f): 5:59pm On Mar 16

Let's keep our fingers crossed.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by AfroBeatDiary: 6:17pm On Mar 16

ignis:
It's a shame that we allow out policies and Economy to depend on Dollar exchange rate.

It is what the West wanted and we are falling for it.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by AbujaLagos: 6:23pm On Mar 16

Donlamzy:
Nothing must happen to the 2k in my kuda o, i no wan hear story o

o tilor

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Tradepunter2: 6:33pm On Mar 16

Kelklein:

all these conventional Nigerian banks should take a tutorial from Opay on how to do straightforward banking..

Continue fooling yourself

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Coronavirus1: 6:46pm On Mar 16

Helpfromabove1:
With all the gains from Fx transactions

Anyway it’s not new soludo did it 20yrs ago from 89 banks down to 24 capital base from 2b to 20b so 17 is still better

Which one of this banks can make the 7 left

My prediction

First bank
Access bank
Gtbank
Stanbic ibtc
Citi bank
Standard Chartered
And maybe UBA

What about zenith bank

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by skj1377(m): 7:18pm On Mar 16

So you want to crumble 17 banks with your useless policy ?? Recapitalisation is not the only way to endure healthy banks. Just monitor the banks effectively. That's how soludo sacked alot of banker's with his so called recapitalisation. Many years down the line nothing to show for it other than some capital market scams .

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by philexcel(m): 7:35pm On Mar 16

CartelKenneth:
From $188m to just $18m in just less than 19 years😂😂😂
God are u sleeping?
Why are u not paying attention to this circus joke that is Nigeria na

Time to break up this godforasken British experiment

Leave God out of this. The country lack plans and vision for progress.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Cmeo(m): 8:00pm On Mar 16

This should not stop them to recapitalized. The recapitalization was long overdue and not implementing capitalizing on time gave them the enough room to manipulate the exchange rate against our Naira.They were part of the people that created the current Nigeria's problem, let them feel the mess they joint created with Emefiele and our politicians.

1 Like

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by GiZcorp: 8:21pm On Mar 16

Toluabigr8:
Count Stanbic IBTC Bank out of that 17, the only bank that has structure and always comply with CBN policies 100% is Stanbic IBTC Bank.

Lol... E go shock you

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Owutuotuo(m): 8:21pm On Mar 16

Toluabigr8:
Count Stanbic IBTC Bank out of that 17, the only bank that has structure and always comply with CBN policies 100% is Stanbic IBTC Bank.

You can strongly predict that the surviving seven (7) will include:

Access Bank
UBA
FBN
Zenith
Stanbic IBTC
GTB
… and perhaps one other in that class of strength and stability.

Easy to see in seventeen (17)

Polaris
Providus
Heritage
WEMA
Jaiz
Unity
Fidelity
Union

Which one remain sef?

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by GiZcorp: 8:22pm On Mar 16

Owutuotuo:

You can strongly predict that the surviving seven (7) will include:

Access Bank
UBA
FBN
Zenith
Stanbic IBTC
GTB
… and perhaps one other in that class of strength and stability.

Easy to see in seventeen (17)

Polaris
Providus
Heritage
WEMA
Jaiz
Unity
Fidelity
Union

Which one remain sef?

Globus😁

1 Like

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by GiZcorp: 8:24pm On Mar 16

drginger:
I just opened an account with Taj bank. Hoping to use it as my piggy.
Omoh there is hardly network when using their app, it did not bother since I may not be making so many transfers from there.

But now, with this news I don dey reason to transfer my money out. I understand that the worst is that it gets merged or acquired, but taj bank does Islamic banking system, so who go merge with am or acquire am with similar system?
Jaiz and Taj may likely merge

Mk i transfer first I dey come.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Toluabigr8(m): 8:38pm On Mar 16

GiZcorp:

Lol... E go shock you

Shock u lol, oga u no get eyes and data to check their balance sheet

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Thislifee: 8:44pm On Mar 16

Helpfromabove1:
With all the gains from Fx transactions

Anyway it’s not new soludo did it 20yrs ago from 89 banks down to 24 capital base from 2b to 20b so 17 is still better

Which one of this banks can make the 7 left

My prediction

First bank
Access bank
Gtbank
Stanbic ibtc
Citi bank
Standard Chartered
And maybe UBA

remove Citi Bank, Stanbic ibtc, , standard chartered and add zenith bank!

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by olaitan1mongo: 8:50pm On Mar 16

Nothing must happen to the 2k in my kuda o, i no wan hear story oNothing must happen to the 2k in my kuda o, i no wan hear story o...

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by ozo13(m): 9:44pm On Mar 16

Wahala

1 Like

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Easylife1234: 10:24pm On Mar 16

Hmmm again

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by PHAYOL81: 11:02pm On Mar 16

That's alright. Trust UNION BANK to make the cut alongside GT and First Bank.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by phemray(m): 11:30pm On Mar 16

Pootle:
list the banks lets know, so we can withdraw our money jejely

List ke? Even one can guess from the sounding of their names, the look of their structures and the appearances of Thier staffs. Lolz

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by stampo: 3:41am On Mar 17

[quote author=Helpfromabove1 post=128957416] With all the gains from Fx transactions

Anyway it’s not new soludo did it 20yrs ago from 89 banks down to 24 capital base from 2b to 20b so 17 is still better

Which one of this banks can make the 7 left

My prediction

You did not add Unity bank ?
That bank don't have enough branches and customers but, my guy .Na the more u look, the lass you see o. That bank enh.. People wey dey behind that bank for government.. enh.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by sonssyo: 3:44am On Mar 17

drginger:
I just opened an account with Taj bank. Hoping to use it as my piggy.
Omoh there is hardly network when using their app, it did not bother since I may not be making so many transfers from there.

But now, with this news I don dey reason to transfer my money out. I understand that the worst is that it gets merged or acquired, but taj bank does Islamic banking system, so who go merge with am or acquire am with similar system?

Mk i transfer first I dey come.

Jaiz bank will

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