CBN monitoring “one or two” other lenders after Skye Bank’s capital problem – Reuters

CBN

LAGOS, July 8 (Reuters) – Nigeria’s central bank is monitoring one or two commercial lenders for liquidity after Skye Bank failed to meet prudential ratios, prompting it to replace its top executives this week, the director of banking supervision said on Friday.

Banking supervision director, Tokunbo Martins, said “one or two” commercial banks had failed liquidity tests but that they were not in the same situation as Skye.

The central bank on Monday said Skye Bank’s liquidity ratio has been below the regulatory limit for a while and it had resorted to its rediscount window for support, prompting its top executives to resign.

Martins said the central bank was working with the banks to restore their ratios and sought to reassure depositors that there was no need to panic.

“We have our eyes on one or two other banks right now but they are not in a state of distress,” she told a local television station.

“We have our eyes on all banks.”

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