Lagos — The Central Bank of Nigeria (CBN) has given a clean bill of health to 23 of the 24 money deposit banks in Nigeria, saying the banks are above 30.0 per cent industry liquidity ratio.
In the 2012 annual report released yesterday, the CBN said all the banks, except one met the stipulated minimum capital adequacy ratio (CAR) of 10.0 per cent and industry liquidity ratio at an average of 63.9 per cent against the prescribed minimum of 30.0 per cent. The affected bank was not mentioned in the report. The apex bank said the asset quality of banks, measured by the ratio of non-performing loans to industry total improved substantially as it declined to 3.47 per cent at end-December 2012 which is below the threshold of 5.0 per cent.
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