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Banks’ Total Assets Hit N15.74tr

CBN Headquarters

By Obinna Chima

The sum value of a Nigerian banking attention resources increasing by 7.62 per cent to N15.74 trillion as during Dec 2011 as opposite a N14.63 trillion, it stood as during Dec 2009.

Analysts during FSDH Securities Limited suggested this in a news titled: “Nigerian Banking Industry, Dec 2011- Review and Outlook,” a duplicate of that was done accessible to THISDAY during a weekend.

The news also showed that a sum customers’ deposits, that represented depositors’ certainty in a banking industry, also softened by 5.42 per cent to N10.99 trillion as during Dec final year, compared with a N10.42 trillion it was as during Dec 31, 2009.

Prior to final year’s recapitalisation exercise, there were 24 banks handling in Nigeria.  Twenty-one of these banks were quoted on a Nigerian Stock Exchange (NSE), while 3 were unquoted. However, FSDH suggested that a news lonesome 22 banks, observant that a gone Afribank (now

Article source: http://www.thisdaylive.com/articles/banks-total-assets-hit-n15-74tr/108144/

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