Financial condition and performance of insured banks in the first and second quarters of 2015
Date
2015
Journal Title
Journal ISSN
Volume Title
Publisher
Nigeria Deposit Insurance Corporation:[?]
Abstract
Structure of assets and liabilitie ; Assessment of the financial condition of insured banks
Description
During the period under review, the Nigeria’s banking industry witnessed a mixed performance during the two quarters under review. The first quarter shows some
stability in most of the financial indices. However, in the second quarter, there were declines in many parameters, especially in Total Assets, Deposits and Assets
Quality. The decline was largely attributable to the fall in the price of crude oil (the main revenue earner for Nigeria) and sliding exchange rate which had impacted negatively on the banks with high exposure to the Oil and Gas sector of the economy.