Skye Bank refutes Sahara Reporters’ Distress Story

skye-bank


Skye Bank Plc has dismissed the report published in an online medium, Sahara Reporters, alleging that the bank and eight others were found to have liquidity stress after a Central Bank of Nigeria examination.
This report is coming just 24 hours after the CBN Governor addressed the media at the end of a 2-day monetary Policy Committee Meeting which noted that no bank is distressed or suffering from inadequate capital.
Skye Bank said neither the CBN nor any other regulatory agency conducted any stress test on the bank. The only test conducted on the bank was a CBN risk-based examination which is routine and recorded no negative report against Skye Bank
According to the bank, the online report is a mere fabrication as the bank recently released its 3rd quarter result which was submitted to the Nigeria Stock Exchange and widely published in the newspapers.
Skye Bank said its figures and fundamentals as contained in the 3rd quarter results were sound and robust. According to the 3rd quarter result for year 2015 released by the bank early this month, it recorded gross earnings of N129.24 billion at the end of September 30, 2015, representing an increase of 33.06 percent over the N97.13 billion recorded during the corresponding period in 2014.
The unaudited result showed very strong fundamentals in all the key performance indicators and strong growth in fees and interest income, as well as investment and other incomes.
The bank’s fees and commission income grew to N25.46 billion as against N15.57 billion recorded during the same period in 2014. The result reflects a growth of 63.52 per cent. Similarly, investment and other income rose to N4.28 billion from N2.05 billion, representing 108.77 per cent growth.
The result further showed that the bank’s profit before tax increased to N14.98 billion during the year under review from N12.33 billion during the same period in 2014, a growth of 21.45 per cent. Also, profit before tax increased by the same 21.45 per cent to N11.98 billion as against N9.87 billion in 2014.
The Bank therefore assures its customers not to be distracted by such sensational stories which are usually common in this season of the year.

Comments

Post a Comment

ORDER FOR YOUR FABRICS AND ACCESSORIES. +2348066186964

ORDER FOR YOUR FABRICS AND ACCESSORIES. +2348066186964
Buy

Popular posts from this blog

WELCOME TO NIGERIA by ABU Ramlah

Image
1. Where sex is free and love is costly. 2. Where loosing a phone is more painful than loosing virginity. 3. Where, if you don't cheat on your partner, you are not sharp and smart. 4. Where bathrooms have become photo studios. 5. Where getting a Galaxy phone is greater than achieving a degree. 6. Where yahoo boys have brighter future than graduates. 7. Where churches are turned into dating points. 8. Where worshiping God in truth and spirit is difficult. 9. Where lies are turned into realities. 10. Where ladies fear Pregnancy than HIV. 11. Where pizza delivery is faster than emergency response. 12. Where people fear thieves and robbers more than God. 13. Where people go to Church with Smartphones and Tablets rather than Bible. 14. Where guys are scared of getting married but love to have sex. 15. Where we have highest number of musician due to unemployment. 16. Where the higher your offense the lower your punishment and vice versa....
Read more

Girls Flash Their Breasts for 100 Dollars in the Street (Photo+Video)

Image
The girls were tricked into flashing their breasts for $100    A prankster has shared hilarious video of girls flashing their boobs for $100. The video which was uploaded on YouTube channel called PrankGenerator shows the host asking a lot of ladies in the street to show their boobs on camera for $100.      Although some were shy, they agreed but to their surprise, the money wasn't real and the whole thing was a set up prank. Some of the girls were pissed after learning of the trick. However, it was just a funny way to cool off the heat for many.   Watch video below:  
Read more

Senate Plots Senator Ali Ndume's Suspension

Image
  Senator Ali Ndume   There is an ongoing plot in the Senate to suspend former majority leader, Senator Ali Ndume (APC, Borno South) over his motion that led to investigation against Senate President Bukola Saraki and Senator Dino Melaye (APC, Kogi West), Daily Trust has gathered.   Ndume who was removed as Senate Leader in January, raised a point of order last week notifying the Senate of media reports alleging that the Senate was on vengeance against the Customs Comptroller-General, Hamid Ali over a seized SUV car allegedly belonging to Saraki.   He also said that there were reports that Senator Melaye possesses a fake Ahmadu Bello University (ABU), Zaria academic certificate.   It was gathered that as a result of the allegations, Senators are plotting to send Ndume away from the Senate.   A Senator who spoke to a correspondent said it would be difficult for Ndume to survive the plot.  “We are not happy with him at all. He is ...
Read more

English Premier League Live Commentary

Image
45' Adama Diomande     1 - 0     47'     1 - 1   (pen.)   Riyad Mahrez 57' Robert Snodgrass     2 - 1     39' Goal kick for Leicester City 39' Ahmed El Mohamady from Hull City delivers a cross 36' Goal kick for Hull City 35' Ahmed El Mohamady relieves the pressure with a clearance 35' Andy King from Leicester City delivers a cross 35' The home team have had 59% of possession compared to the away team's 41% 35' Jake Livermore relieves the pressure with a clearance 35' Demarai Gray from Leicester City delivers a cross 34' Goal kick for Leicester City 34' Abel Hernandez shoots wide 34' Luis Hernandez is guilty of making a defensive error. 33' Yellow card for Danny Simpson 33' Danny Simpson from Leicester City trips David Meyler 33' Luis Hernandez relieves the pressure with a clearance 32' ...
Read more

Armed Robbers Invade Hotel and R*pe Female Staff

Image
  It was shock and apprehension on the faces of many after deadly armed robbers on Sunday afternoon invaded Biggess Hotel located at Akute area of Ogun State.    According to New Telegraph, the armed robbers robbed the hotel, staff and lodgers of their hard earned money and personal effects before allegedly r*ping the female staff they found in the hotel.   It was gathered that the armed robbers had come to the hotel as guests at around 1:30pm in a Honda Accord car with reg. No.: KSF 707 BL.   One of the victims, who pleaded anonymity, said he was robbed of his N85,000 which he just withdrew from a nearby bank and proceeded to the hotel to wait for his friends. He said:  “After I withdrew money from the bank nearby, I proceeded to the hotel to relax and wait for my friends. "It was one of the robbers who opened the door for me. Immediately I entered, another one gave me a heavy blow and asked for all I had.   "They took my wal...
Read more

INEC Announces Outcome of Nasarawa Bye-Election

Image
  The Independent National Electoral Commission (INEC) has declared the Saturday’s Nasarawa/Toto Federal Constituency bye-election inconclusive.   The Constituency Returning Officer of the election, Dr Wilfred Uji of Federal University, Lafia, Nasarawa State, made this known while the announcing the outcome of the poll in Nasarawa, Nasarawa Local Government Area of the state on Sunday.   Uji cited Section 53 of the Electoral Act which gives the commission the power to cancel election in polling units where there is over voting.   “For Nasarawa/Toto federal constituency, we have a total number of 202,338 registered voters for the election out of which 76,475 were accredited and the total vote cast was 75,826 and we have 74,848 valid votes and the rejected votes stand at 978. “The cancelled votes taken from the vote cast stand at 39,150 and the four political parties that participated at the bye-election scored the following votes, APC scored 46,5...
Read more