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.
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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)
Financials
