Browsing: UBA

Deloitte faults application of IFRS 9 by Nigerian Banks. Many Nigerian banks applied International Financial Reporting Standard 9 impairment provisioning modelling differently, thereby making comparison a tough task, Deloitte Nigeria’s report has revealed.

Analysis of statements of financial position of Tier-I banks shows that their combined assets hit N26.797 trillion

Tier-1 Banks stocks in red as market brush off earnings performance

Expectation of strong earnings an insurance for stock YTD return

Tier 1 Banks cut 82% of industry’s Profits, account for 75% of Total Assets

Four Tier-1 Banks to increase loan books by ₦1.2 trn in 90 days. Despite the fact that they have big sizes, four banks in Tier 1 class failed to convert 60% of their deposits as loans and advances to customers, the first quarter 2019 results have shown.