L
LequteMan
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The Central Bank of Nigeria (CBN) has reaffirmed that the result of the recent top-down stress tests of Deposit Money Banks (DMBs) in the country revealed that the banks have adequate capital to absorb unexpected losses.
According to a statement from the Bank, the unaudited results of banks and the results released so far indicated that economic headwinds had not significantly affected returns.
The statement further noted that banks have been directed to have effective risk management system in place especially price hedging, adding that the CBN would continue to monitor banks to ensure sufficient internal retention of capital to serve as buffers.
#Nigeria #CBN
According to a statement from the Bank, the unaudited results of banks and the results released so far indicated that economic headwinds had not significantly affected returns.
The statement further noted that banks have been directed to have effective risk management system in place especially price hedging, adding that the CBN would continue to monitor banks to ensure sufficient internal retention of capital to serve as buffers.
#Nigeria #CBN
