LAGOS Dec 11 Nigeria's Bank PHB BPHB.LG on
Friday posted a 439 billion naira ($2.9 bln) group pre-tax loss
for the 15 months to the end of September, hit by high
provisions after a sector-wide audit by the central bank.
Bank PHB said provisions for risk assets, loan losses and
goodwill impairment totalled around 370 billion naira, while
exceptional items were 80.7 billion naira.
The group's financial year used to end in June but it is
shifting to the calendar year in line with a central bank
directive to establish a uniform reporting period across the
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(Reporting by Oludare Mayowa; Writing by Nick Tattersall)