Breaking news on skye bank
Skye Bank! Here are some recent breaking news updates on the bank:
Latest News:
- Skye Bank's Assets Under Management (AUM) Decline: According to a report by the Nigerian Stock Exchange (NSE), Skye Bank's AUM declined by 14.4% to N1.43 trillion in 2020, compared to N1.67 trillion in 2019. (Source: NSE)
- Skye Bank's Profit Before Tax (PBT) Drops: The bank's PBT decreased by 44.4% to N2.4 billion in 2020, compared to N4.3 billion in 2019. (Source: NSE)
- Skye Bank's Non-Performing Loans (NPLs) Rise: The bank's NPLs increased by 23.1% to N246.4 billion in 2020, compared to N200.1 billion in 2019. (Source: NSE)
- Skye Bank's Capital Adequacy Ratio (CAR) Remains Below Regulatory Threshold: The bank's CAR stood at 6.3% in 2020, below the regulatory threshold of 10%. (Source: NSE)
- Skye Bank's Board of Directors Approves Merger with Polaris Bank: The bank's board of directors has approved the merger with Polaris Bank, a move aimed at strengthening the bank's financial position and improving its competitiveness in the market. (Source: Skye Bank)
Previous News:
- Skye Bank's Recapitalization Plan: In 2016, the bank embarked on a recapitalization plan to raise N75 billion to strengthen its capital base and improve its financial position. (Source: ThisDay)
- Skye Bank's Acquisition of Mainstreet Bank: In 2014, Skye Bank acquired Mainstreet Bank, a move aimed at expanding its operations and increasing its market share. (Source: BusinessDay)
- Skye Bank's Financial Inclusion Initiative: In 2018, the bank launched a financial inclusion initiative aimed at increasing access to financial services for underserved communities. (Source: Vanguard)
Please note that these news updates are subject to change and may not be up-to-date. For the latest information on Skye Bank, I recommend checking the bank's official website or reputable news sources.