The Business NG - August 12, 2024
The Business NG - August 12, 2024
Magzter Gold ile Sınırsız Kullan
Tek bir abonelikle The Business NG ile 9,000 + diğer dergileri ve gazeteleri okuyun kataloğu görüntüle
1 ay $9.99
1 Yıl$99.99
$8/ay
Sadece abone ol The Business NG
1 Yıl $49.99
Kaydet 51%
bu sayıyı satın al $0.99
Bu konuda
Fitch Downgrades Union Bank of Nigeria to 'Junk' Status"
Fitch Ratings has downgraded Union Bank of Nigeria PLC's Long-Term Issuer Default Ratings (IDR) to 'CCC' from 'B-', citing a prolonged breach of the bank's total capital adequacy ratio (CAR) requirement of 10% and uncertainties regarding the timeline for restoring compliance.
The downgrade reflects concerns about the bank's viability and ability to meet its regulatory capital requirements. Fitch estimates that Union Bank of Nigeria has breached its CAR requirement due to a significant increase in its regulatory risk reserve, which is deducted from capital for the purpose of capital adequacy computations.
The bank's near-term prospects will depend on continued sound internal capital generation and a timely execution of the recapitalization plan agreed upon by new management with the Central Bank of Nigeria (CBN). Fitch noted that progress is being made in reconstituting the board and the bank continues to operate as a going-concern
The Business NG Newspaper Description:
Yayıncı: Tuns Media & Comm Enterprise
kategori: Newspaper
Dil: English
Sıklık: Semi-Weekly
The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level
- İstediğin Zaman İptal Et [ Taahhüt yok ]
- Sadece Dijital