Home Business FirstBank sees no need to raise equity after loan loss

FirstBank sees no need to raise equity after loan loss

By
Editor
-
711
0
Access Pensions, Future Shaping

FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 mln) loan loss provision last year but will keep loan growth flat to boost capital, its CEO said on Wednesday.

CEO Urum Kalu Eke said the bank was overhauling its credit model to avoid future loan losses and will diversify towards retail customers.

Reuters

Related posts:

  1. Globacom subscribers laud reduced tariffs
  2. Stakeholders strike discordant note with FG on Maritime University
  3. Nigeria’s External Reserves Shrinks by 12.12 percent, Drops to $41.995 billion
  4. Pentagon to cut hundreds of troops in Africa as U.S. focuses on China, Russia
Access Pensions, Future Shaping

RELATED ARTICLESMORE FROM AUTHOR

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments