announcement disallowing the deposit money banks from declaring their retained earnings as part of their assets is yet to abate, an analyst has argued that the apex bank must seek a peaceful resolution of the matter.
“If the CBN wants to look at these things holistically, they should do the additional verification of all these components of capital in the book of all the banks to verify the genuineness or otherwise so that it can be capitalised,” he stressed. Citing the financial statement of Access Holdings, the Holdco of the Access Bank, Adebola argued that the bank which is presently the biggest bank by equity may face an uphill task meeting the new CBN prerequisite.
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