₦airaland Forum

Kylekent59:
Failure everywhere.

I am 100% sure UBA failed

I am also 100% sure Zenith bank passed

I believe u
I have used both banks over 11 years now

Hmmm

TOPCRUISE:
I trust Heritage Bank. They are the best. They can't fail

I believe you brother. One of the best banks in my opinion

nams77:
I can conveniently list those banks



For those asking why the banks where not listed, if CBN does that, it will trigger panic withdrawals which will sound the death knell of these banks, leading to sudden death.


What cbn needs to do is capital injection, asset management and keen supervision of the affected banks.
They can also relieve some of the top management of these organizations of their jobs

I knew all this already.

In situations such as This, all I do is watch out for signs of *Damage Control* and to what Direction it flows.
That way, I get to Figure Out the Answer to the Question(s) being hidden.

Anyway am not Surprised in any ways because Nigerian banks rarely have any product they generate Revenue from other than Funny Deductions and Charges + the few who still Borrow Money from them among others.

This TSA remains One thing whose effect would take Long to wear off.

iamawara:
Heritage
Sterling
Keystone
Wema
FCMB


pls continue the list

Polaris
Fidelity
Uba

Most of these bank employ people who can speak English and the heads are filled with ego... Who don't fully understand the role of a bank and how to keep it running.

nams77:
I can conveniently list those banks



For those asking why the banks where not listed, if CBN does that, it will trigger panic withdrawals which will sound the death knell of these banks, leading to sudden death.


What cbn needs to do is capital injection, asset management and keen supervision of the affected banks.
They can also relieve some of the top management of these organizations of their jobs

AMCON injected our money into those banks since 2008 non of them as return our money since. And you are advocating we should give them more... What have they done to us.. 25% interest charges

Fcmb can never be among . that bank is among the strong banks coming up. Dont use individual experience to judge. Not all banks are perfect

julitoch:
We need to know the banks, the Apex bank should better name them

So everyone can withdraw their money and crash the banks finally
You try.

BlackfireX:
First bank.

Access bank.

Sterling bank.

Jaiz bank.


Fidelity bank.


Polaris bank.

Remove access and fidelity and replace with wema and fcmb.

May they release names na

osazee12:
Sterlingbank, polaris bank, heritage bank, wema bank, diamond(b4 the merger), fidelity and unity bank

I think sterling is doing just fine

Their size being small does not mean they are capital inadequate

Pls can someone read that out for me.

Hmmmmm Union Bank and co !

Islie:
•N18.9b lost to fraudsters




THE funding positions of seven commercial banks are inadequate, the result of Central Bank of Nigeria (CBN) stress test released on Thursday, has shown.

The financial stability report signed by CBN Director, Financial Policy and Regulation Department, Kelvin Amugo, showed that in the less than 30-day period analysis, seven banks were not adequately funded, while in the 31 to 90-day period, nine banks had funding gaps.

The report, however, said the cumulative position for the industry showed an excess of N4.8 trillion assets over liabilities.

The seven banks were, however, not named by the apex bank. Nigeria has 24 banks.
The report, which covered the period ended December 2018, showed that six banks accounted for 82 per cent (N252.00 billion) of total placements and 86 per cent (N 266 billion) of total takings, of which 71 per cent (N190 billion) was provided by the top four placers of funds.

The stress test result revealed that, after a one-day run scenario, the liquidity ratio for the industry declined to 34.69 per cent from the 51.87 per cent pre-shock position and to 17.55 and 13.48 per cent after a five-day and cumulative 30-day scenarios.

The result also revealed that, under five-day and cumulative 30-day run scenarios on the banking industry, liquidity shortfalls declined to N1.58 trillion and N1.98 trillion.

The results of the stress test of default in exposure to the oil and gas sector showed that the banking industry could withstand up to 50.00 per cent default as the post-shock Capital Adequacy Ratio (CAR) remained at 10.24 per cent.

The results of the stress tests on the net position of interest sensitive instruments showed that the banking industry would maintain a stable solvency position to interest rate shock of up to 1000 basis points downward shift in yield curve as the post-shock CAR declined marginally from 15.26 to 13.41 per cent.

The industry pre-shock assets and liabilities maturity profile at end-December 2018 revealed that the shorter end of the market less than 90 day buckets were adequately funded.

Contagion risk from the unsecured transactions in the interbank market was moderate at end- December 2018. The results of simulated conditional counter-party default from unsecured interbank loans indicated low risk as the banks, except two, maintained post-shock CAR above 10 per cent.

The Implied Cash Flow Analysis (ICFA) assessed the ability of the banking system to withstand unanticipated substantial withdrawals of deposits, short-term wholesale and long-term funding over five days and cumulative 30 days, with specific assumptions on fire sale of assets.

The test assumed gradual average outflows of 3.8, 5.0 and 1.5 per cent of total deposits, short-term funding and long-term funding respectively, over a 5-day period and a cumulative average outflow of 22.0, 11.0 and 1.5 per cent of total deposits, short-term funding and long-term funding respectively, on a 30-day balance. It also assumed that the assets in Table 3.10 would remain unencumbered after a fire sale.

Also, reported cases of fraud and forgeries by banks increased to 25,029 at end-December 2018 from 20, 774 at end-June 2018. However, the total amount involved decreased to N18.94 billion at end- December 2018 from N19.77 billion at end-June 2018.

Similarly, actual losses declined to N2.21 billion at end-December 2018 from N12.10 billion in the first half of 2018.The total number of reported fraud cases in OFIs stood at 754 at end-December 2018, while the actual loss of N120.98 million was recorded during the same period.

Automated Teller Machine (ATM) and mobile channels recorded the highest incidence of fraud. To tackle this trend, bank customers were continually sensitised on safe banking practices while banks were encouraged to implement strong authentication controls and carry out comprehensive infrastructure risk assessments.

A total of 1,612 complaints from consumers of financial services were received in the period under review, indicating an increase of 173 complaints or 12.02 per cent over the 1,439 received in the first half of 2018. Of this number, 1,602 complaints or 99.38 per cent were against banks, while 10 complaints or 0.62 per cent were against OFIs. The complaints were in various categories, such as Excess/Unauthorised charges, Frauds, Guarantees, Dispense errors, Funds Transfers.

A total of 1,496 complaints were successfully resolved or closed in the period under review, compared with 4,723 in the first half of 2018, indicating a decrease of 3,227 or 215.71 per cent. Total claims made by complainants during the period amounted to N7.995 billion and US$1.767 million, while the sums of N3.093 billion and US$1.724 million were refunded to customers.

Amugo said the banking industry’s outlook is positive, given the expected enhanced capital base for most banks arising from the capitalisation of year 2018 profits in the first half of 2019.

However, banks’ exposure to the oil and gas sector as well as the implementation of International Financial Reporting Standard 9 (IFRS 9) remains a threat to overall profitability.
“The CBN will continue to collaborate with the fiscal authority and other financial services regulators to address the observed challenges towards ensuring that the gains made are sustained to reinforce financial system stability,” he said.

During the review period, seven banks were categorised as Domestic Systemically Important Banks (D-SIBs). The banks were selected based on the D-SIB supervisory framework, given their size, interconnectedness, substitutability and complexity. The D-SIBs accounted for 63.80 per cent of the industry total assets of N35.10 trillion and 65.23 per cent of the industry total deposit of N21.73 trillion as well as 66.00 per cent of the industry total loans of N15.34 trillion.

The examination revealed that the D-SIBs were largely in compliance with the regulatory requirements, including capital adequacy and liquidity ratios. The average CAR for the D-SIBs stood at 19.82 per cent, while liquidity ratio stood at 46.29 per cent. There was an improvement in non-performing loans ratio from 11.31 per cent at end-June 2018 to 9.82 per cent at end- December 2018.


https://thenationonlineng.net/seven-banks-fail-cbns-stress-test/

https://123.com.ng/wp-content/uploads/2019/10/10414883_cbn1_jpeg5c4c4ddbb1f4133e20f78cea805de918.jpg

Bad Country ...

Kylekent59:
Failure everywhere.

I am 100% sure UBA failed

I am also 100% sure Zenith bank passed

What do know or what information do you have to make such hasty conclusion? There is no wisdom in your write up.

SunnyAmeh:
What do know or what information do you have to make such hasty conclusion? There is no wisdom in your write up.

Ok

Sorry Mr man if that made you angry.

ok, UBA passed . Hope you're happy now

gnykelly:
Most of these bank employ people who can speak English and the heads are filled with ego... Who don't fully understand the role of a bank and how to keep it running.

our banks are full of poor big boys.

BlackfireX:
First bank.

Access bank.

Sterling bank.

Jaiz bank.


Fidelity bank.


Polaris bank.

Take away Access bank, they cannot be there.

They take thier financial sheet quite serious and also thier NPL ratios (haven't checked the last quarter financial report tho but i know they can't be among). the rest I agree with