L
LequteMan
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The institution set up to absorb non-performing loans in the Nigerian banking sector in 2010, Asset Management Company of Nigeria, AMCON, recorded a loss of N627bn for FY 2013 BusinessDay reports:
The trend however, shows a decline from the loss recorded in 2011of N2.37Tr and in 2012 of N702bn.
The financial statements show an increase in interest income by 80 percaent to N108bn from N60bn.
This is as the AMCON levy received from banks increased in the same period by 76 percent from N55bn to N96bn.
Click here to read more
#AMCON #Nigeria #BusinessDay
The trend however, shows a decline from the loss recorded in 2011of N2.37Tr and in 2012 of N702bn.
The financial statements show an increase in interest income by 80 percaent to N108bn from N60bn.
This is as the AMCON levy received from banks increased in the same period by 76 percent from N55bn to N96bn.
Click here to read more
#AMCON #Nigeria #BusinessDay
