Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement - Business (4)

Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement - Business (4) - Nairaland

Nairaland Forum › Nairaland General › Business › Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement (27980 Views)

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Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by highoctane: 3:44am On Mar 17, 2024

Smokeybrain:
I can sleep well with Zenith bank and Access bank...their capital base is over 1 trillion naira. My money dey safe with those two banks..no shaking

Genius J

No Bank Is Safe. Even CBN

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by mindworx: 8:47am On Mar 17, 2024

If EY feels it will be a 15-fold, then the new recap will be 375billion naira. All the FUGAZ banks (First bank, UBA, GTBank, Access and Zenith) are capitalised above 700bn as of today. Standard Chartered is not listed on NSE but on LSE, they are in excess of 17 billion pounds. Stanbic IBTC is also in a market cap range of 700 billion naira. This is 7 already. IF 15-fold is assumed, we will have like 10 banks or more, meeting up!

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Pootle: 11:49am On Mar 17, 2024

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

like unity bank, globus bank grin

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Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by Smokeybrain(m): 2:25pm On Mar 17, 2024

highoctane:
No Bank Is Safe. Even CBN

Ah!

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by iluvdonjazzy: 10:23pm On Mar 17, 2024

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 were you come put zenith. Zenith and UBA must be there.

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

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by trulife: 3:52pm On Mar 18, 2024

The recapitalization is a good one but is it needed this period? Banks who these days see signs of solvency or inability to survive seek to merge with another. The already high number of unemployed persons will increase.

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by mziceberry(f): 12:13pm On Jun 04, 2024

GiZcorp:
Globus😁

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?

Remove Wema, Wema just paid the CBN loan out of other banks that are owing CBN. And Tinubu just bought shares in Wema.
With the way I’m seeing it, Wema is joining the FUGAZ soon

Re: Bank Recapitalisation: 17 Out Of 24 Banks Might Not Meet CBN Capital Requirement by NEIGHBOUR(m): 1:54pm On Jun 04, 2024

CartelKenneth:
OPay has the way more than that capital base requirement
They are officiai the leading digital bank in Nigeria
Even commercial banks are scared of them

OPay may end up buying one of the banks. It won't be a surprise!

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