GTBank, Access Bank, 5 other DSIBs account for 65.4% banking industry deposits – CBN

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By Kayode Tokede

The Central Bank of Nigeria (CBN) has disclosed that domestic systematically-important banks (DSIBs) accounted for 65.4 per cent or N12.65 trillion of total industry deposits in 2017.

The apex bank also disclosed that the DSIBs accounted for 65.4 per cent or N21.25 trillion industry total assets and N8.68 trillion or 64.8 per of industry gross loans.

The D-SIBs are Guaranty Trust Bank Plc, Zenith Bank Plc, First Bank Limited, United Bank for Africa Plc and Access Bank Plc.

Others are Diamond bank Plc, Skye Bank plc and Ecobank Nigeria.

Nigeria in 2017 had 24 banks

The report by CBN noted that industry average capital adequacy ratio (CAR) declined to 10.2 per cent as at 2017, compared with 14.8 per cent in 2016, and the 10.0 and 15.0 per cent benchmarks for banks with national and international authorisation, respectively.

CBN attributed the decline to reduction in total qualifying capital, and to impairment from non-performing loans.

According to CBN, asset quality, measured by the ratio of non-performing loans to industry total, worsened to 14.8 per cent and was above both the benchmark of five per cent and 12.8 per cent in 2016.

“Banks were directed to intensify debt recovery, realise collateral for bad debts and strengthen risk management. The average industry liquidity ratio, at 44.6 per cent in 2017, was above the prescribed minimum of 30.0 per cent and the 44.0 per cent in 2016. Four banks did not, however, meet the minimum liquidity ratio at end-December 2017, same as in the preceding year,” the CBN said.

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