Four Nigerian banks are operating with too many non-performing loans and liquidity ratios below the minimum requirement, two members of the central bank Monetary Policy Committee, MPC, said in statements published on Tuesday.
The statements, released Tuesday by the apex bank, was part of the communique released after the MPC meeting held between July 24 and 25.
The statements, which were not made public until Tuesday, were issued by Doyin Salami and Dahiru Balami, among other members of the MPC.
Although Messers Salami and Balami did not name the affected banks, they said the four banks were jointly equivalent to at least one Systemically Important Bank, SIB.
Financial sector stress tests showed capital adequacy ratios for the industry in Nigeria worsened to 11.51 percent in June, from 12.81 percent in April, as against a regulatory minimum of 15 percent for lenders with international licenses.
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Four Nigerian banks trade below minimum liquidity ratio, MPC members say
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