The
CBN's spokesman, Osita Nwanisobi, in a statement advised customers and other stakeholders of the bank to disregard the report, describing it as the handiwork of mischief makers.
He said: "The report is fake news. There is iota of truth in it."
He added that the public should disregard such news.
The report had claimed that the apex bank's target examination of
However, analysts note that just last month, the
According to the communique: "the Capital Adequacy Ratio (CAR) and the Liquidity Ratio (LR) both remained above their prudential limits at 15.8 and 38.9 per cent, respectively. The Non-Performing Loans (NPLs) at 5.89 per cent in
The bank's total assets rose by 67.90 per cent when compared with N293.05 billion achieved in the comparative period of 2019.
Also, the lender posted gross earnings of N42.71 billion compared with N44.59 billion recorded in the comparative period of 2019. Its customer deposit portfolio grew by 34.4 per cent to N356.62 billion in 2020, up from N257.69 billion posted in the corresponding period of 2019.
Profit after tax stood at N2.09 billion, while profit before tax was N2.22 billion during the year under review. Its net operating income rose to N25.46 billion from N23.21 billion in the corresponding period of 2019, representing a 9.71 per cent increase.
Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com)., source