Banking Briefs
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THE Diamond Bank Plc. has dismissed Sahara Reporters story that the bank is distressed, describing it as false and malicious. The bank stated this in a statement issued and signed by Adebowale Aderibigbe-Banzi, media relations officer, Corporate Communications, Diamond Bank.
“We have been made aware of a malicious story published by Sahara Reporters that Diamond Bank Plc is one of nine commercial banks that have demonstrated a level of distress that requires they recapitalize to avert the banks possibly falling into distress.
“Please, be informed that the story is false, baseless, mischievous and attention seeking. Diamond Bank’s Q3 2015 result approved by the Central Bank of Nigeria (CBN) and the Nigerian Stock Exchange (NSE) show capital adequacy ratio of 18%, which is 3% higher than CBN’s minimum requirement,” the statement said.
The bank would like anyone in doubt to check out its Q3 2015 financial results which can be found at http://www.diamondbank.com/images/banners/linkcreation/Financials/2015%20Nine%20Months%20Unaudited%20Financial%20Statement.pdf/
— Dec 3, 2015@ 4:40 GMT
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