FACTBOX-Loan loss provisions by Nigerian banks

Fri Nov 6, 2009 7:34am EST
 
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 Nov 6 (Reuters) - Nigeria's central bank has ordered its
commercial banks to publish accounts with full provisions for
loan losses as at the end of September, following a 600 billion
naira ($4 billion) bailout.
 Below are details of the provisions published by the 14 of
Nigeria's 24 banks which were given a clean bill of health by a
sector-wide central bank audit.
 The remaining 10 banks have been told to submit a 6-month
plan on how they intend to return to profitability.
 For a full story, please click on [ID:nLJ51300]
 
 BANK                        LOAN LOSS PROVISIONS
                              (billions of naira)
 
 Access Bank (ACCE.LG)               30.89
 Citi Bank                            0.32
 Diamond Bank (DIAM.LG)              24.60*
 EcoBank (ECOB.LG)                   33.39
 First City Monument Bank (FCMB.LG)    n/a
 Fidelity Bank (FIBP.LG)              1.91**
 First Bank (FBNP.LG)                29.50
Guaranty Trust Bank (GTB.LG)        24.96
 StanbicIBTC Bank (IBTC.LG)           5.90
 Skye Bank (SKYE.LG)                 32.00
 Standard Chartered Bank               n/a
 Sterling Bank (STBP.LG)             10.80
 United Bank of Africa(UBA.LG)      41.07
 Zenith Bank (ZETH.LG)               26.14
 
 *  As at Sept. 1, 2009.
 ** For the three months to end-Sept.
 
 Source: company websites and stock exchange filings
 (For more Reuters Africa coverage and to have your say on the
top issues, visit: af.reuters.com/ )
  (Reporting by Chijioke Ohuocha; editing by Simon Jessop)

 

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