Business
THE Central Bank of Nigeria, CBN, assured Nigerians that banks in the country are resilient.
Sidi Ali, Hakama, acting director, Corporate Communications, stated this on Monday, December 11, stating that “The attention of the Central Bank of Nigeria (CBN) has been drawn to reports in some media outlets suggesting that some licensed commercial banks in the country had failed the CBN’s Capital Adequacy Ratio (CAR) for international authorisation.”
Hakama said: “We wish to clarify that the Nigerian banking industry remains resilient as key financial soundness indicators were within the regulatory thresholds as captured in the CBN’s most recent Economic Report of 2023.”
She also said that the CBN is engaging with various critical stakeholders to sustain the level of confidence in the Nigerian financial sector.
“We, therefore, appeal to Nigerians to disregard the media reports listing banks as failing the Capital Adequacy Ratio (CAR) stress test for international authorisation as the report did not emanate from the Central Bank of Nigeria (CBN)”, the statement said.
A.I
Tags: Central Bank of Nigeria
