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

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

A Seven-Year Old Hungry and Helpless Boy, they Lynched to Death Forwarded by Abba Gamawa

Image
Abba Ibrahim Gamawa (16/11/16) I have honestly been avoiding the news about the lynching of a seven-year old boy, hoping it will just fizzle away like all those senseless and unimaginable headlines we come across from mischievous media outlets like Newsrescue. I have had to drop my phone twice opon the sight of that headlines earlier today. But I guess the savagery of Lagosians is real, thus, a seven-year old boy was truly lynched and burnt to death. Subhanallah! From the Brexit, to the Trump thing, and now this! How the supposedly enlightened ones (we see Lagos as such in Nigeria) are displaying uncivility and even barbarity is yet another paradox of our generation we need to be mindful of. I wouldn't even dare to compare the value of his life to the Garri (Kwaki!) he stole, for an adage says it's unfair to say a knife is shaper than a stick. Before going further, I have to say that I don't have the vocabulary that will do justice to my sentiment at the moment, and q...
Read more

This Is Not The Beast, Guess Which president Own this Car?

Image
Checkout the Russian President's official car that will put President Obama's 'The Beast' to shame   According to reports, a rocket cannot penetrate Russian President, Vladimir Putin's official car. Details of the new limousine used to transport the President was reportedly said to be far more secure than the 'The Beast' - the nickname of the limousine used to transport U.S President Obama. ( Read here ).     The armoured car has a 12-centimeter-thick titanium plated roof that is so strong a T-72 tank can drive over it without causing any real damage, sources said. Its windows are made of glass that will withstand a direct hit from a rocket-propelled grenade, while its wheels automatically turn into caterpillar tracks when going over rough terrain.     Officials at the factory where the limousine was assembled were so confident in the level of safety provided by the vehicle that they placed the designers inside the car while soldier...
Read more

Breakings: The Kind of Injustice, Malpractice and Corruption going on in University of Agriculture Makurdi

Image
Dear dpg , I seriously think that you people should turn your radar to the UNIVERSITY OF AGRICULTURE, MAKURDI. The kind of injustice, malpractice and corruption going on in that school is unprecedented.  The latest one is the battle for the VC's office, Since the present VC Prof. Emmanuel Kucha will be leaving by November. He has left the school damaged without recognition. I wish you can visit or talk to any of your sources in makurdi.  Anyway, more than 11 people contested for the position, as at the day before yesterday, they were reduced to 9, who went in for the final rounds of vetting and interview yesterday. The outcome was released and the favorite candidate came first. That was the news yesterday, but this morning (today) the result have changed, due to external politically corrupt individuals who call themselves stakeholders in the state, who had never one day contributed to the success of the students or staff of that school.  To come and force a ...
Read more

School Bullies Humiliate, Beat-up and Strip Female Teenager in Public Over an Argument (Photos+Video)

Image
A group of reckless bullies have humiliated, beaten and stripped a fellow teenager in public while recording the act on camera. The students humiliating and beating the student in public   Another horrific bullying video has recently surfaced from China showing a group of teenagers beating and stripping a female student in public.   The teenage, a girl from the city of Hengshui in Anping County was filmed being savagely beaten by a group of several girls then stripped to her underwear, reports the People's Daily Online.   She was stripped and beaten mercilessly   The incident took place on January 21, but it wasn't until February 3 that the video went viral online. Since the footage was uploaded, all of the bullies have surrendered to the police.   Her clothes were removed forcefully and shamed   Three of the suspects have been named as Li, Jia, and Hou, aged 14, 13 and 16. According the report, they went to the police ...
Read more

Kidnappers Slapped Me With Cutlass for 9 Days - Man Recounts Horrible Ordeal of Captivity

Image
A man who regained his freedom from abductors after being held for several days, has revealed some of the horrible things kidnappers do to hostages in their captivity.   Three kidnap suspects were on Tuesday, arraigned before an Enugu High Court for abducting a businessman, Mr. Chukwudi Obi. Daily Post reports that the businessman told the court that the suspects Ejike Ezenabo, Paul Okwudili and Chidi Okereke abducted him and tied his face with cloth for nine days. Recounting the incident, Obi narrated that the suspects followed him as he left a restaurant and dragged him into a vehicle and took him to an unknown place with a gun pointed at him. The victim said that they kept him in a room for nine days without food and water, adding that they tied his legs and hands and were slapping him with a cutlass as he screamed for help. He added that they collected his valuables which included a wristwatch, a wedding ring, a chain and money and later covered his...
Read more

Five Annoying Things Men Do During S*x

Image
File photo used only for illustrative purpose   Agreed, men do all they can to please their women in bed; but sometimes, they still manage to annoy women during that sacred moment.   The following are some of the things that can annoy your woman during s*x:   1 • You leave your socks on   Maybe you just like keeping your feet warm — or perhaps you think leaving your knee-high socks on is as erotic as her wearing heels to bed. Well, this is wrong, because it’s actually a major mood-killer for women. For one, it is not visually attractive, says a licensed marriage and family therapist, Monica Lieser.   Another not-so-innocent implication: Sporting socks during s*x may suggest you’re so agenda-driven — get in, get off! — that you’re unwilling to even fully undress. If you like the idea of staying partially clothed, leave your pants around your ankles instead of stripping down to your socks, Lieser suggests.   2 • You repeatedly touc...
Read more