10 banks make n568bn provision for loans new telegraphn

According to the article "10 banks make N568bn provision for loans" published in The New Telegraph, here is a summary of the information:

• 10 banks in Nigeria have made a total provision of N568 billion (approximately $1.5 billion USD) for bad loans.
• The provision is a result of the banks' efforts to clean up their balance sheets and improve their financial health.
• The provision is expected to help the banks to reduce their non-performing loans (NPLs) and improve their capital adequacy ratio (CAR).
• The 10 banks that made the provision are:
  • Zenith Bank
  • GTBank
  • Access Bank
  • First Bank
  • UBA
  • Stanbic IBTC
  • Fidelity Bank
  • Union Bank
  • Ecobank
  • Keystone Bank
• The provision is a one-time charge and is expected to have a positive impact on the banks' financial performance in the future.

Please note that the article may have been published some time ago, and the information may not be up-to-date.