Business Briefs
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THE Central Bank of Nigeria has given a clean bill of health to the Heritage Bank dismissing the idea that the bank is distressed.
A statement signed by Isaac Okorafor, acting director, Corporate Communications, CBN, stated that the attention of the apex bank has been drawn to false and malicious stories on the social media insinuating that Heritage Bank is under financial distress and therefore unable to discharge its obligations to its depositors.
“We wish to state that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear.
“For the avoidance of doubt, we wish to further state that no Nigerian Bank is in distress.
“The CBN, as the industry regulator, has a duty to depositors, in particular, and the economy, in general, to ensure the soundness of all financial institutions. We, therefore, wish to assure all depositors of the safety of their deposits,” the CBN said.
The CBN also said that it will remain alive to its responsibility of ensuring banking system stability and soundness through constant monitoring and supervision of all licensed institutions.
It reiterated that the banking system remains resilient enough to weather the current economic storm.
— Nov 16, 2016 @ 13:50 GMT
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