News Formal

Recapitalisation: CBN gives reason for exclusion of banks’ retained earnings

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 14 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

CBN Notícia

Recapitalisation

The Central Bank of Nigeria, CBN, has reiterated that it excluded banks' retained earnings to meet its newly announced minimum capital requirement in a bid to ensure the injection of fresh capital into the financial system.

The Central Bank of Nigeria, CBN, has reiterated that it excluded banks' retained earnings to meet its newly announced minimum capital requirement in a bid to ensure the injection of fresh capital into the financial system. Director Financial Policy and Regulatory Department, FPRD at CBN, Haruna Mustafa, disclosed this in a recent podcast on 'Banking Sector Recapitalisation Programme 2024'.

recalls that the apex bank raised capital requirements for all Nigerian banks by at least 100 per cent last month. CBN gave banks two years to meet the requirement. However, analysts in the sector have criticized the exclusion of banks' retained earnings.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 11. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Banks demand CBN’s clarity on retained earnings as recapitalisation countdown beginsThe Nation Newspaper Banks demand CBN’s clarity on retained earnings as recapitalisation countdown begins
Fonte: TheNationNews - 🏆 6. / 69 Consulte Mais informação »