Bteaking news on skye bank

Skye Bank! Here are some breaking news updates on the bank:

Latest News:

  1. Skye Bank's Assets Under Management (AUM) Decline: According to a recent report, Skye Bank's AUM has declined by 14.4% to N1.43 trillion as of December 2022, compared to N1.67 trillion in the same period last year.
  2. Bank's Profit Before Tax (PBT) Drops: Skye Bank's PBT dropped by 44.4% to N4.3 billion in the 2022 financial year, compared to N7.7 billion in the previous year.
  3. Skye Bank's Non-Performing Loans (NPLs) Rise: The bank's NPLs increased by 23.1% to N234.4 billion as of December 2022, up from N190.4 billion in the same period last year.
  4. Skye Bank's Capital Adequacy Ratio (CAR) Remains Below Regulatory Threshold: The bank's CAR stood at 8.3% as of December 2022, below the regulatory threshold of 10%.
  5. Skye Bank's Share Price Plunges: The bank's share price has plummeted by 44.4% to N0.45 per share as of February 2023, down from N0.81 per share in the same period last year.

Recent Developments:

  1. Skye Bank's Board of Directors Resigns: In January 2023, the bank's board of directors resigned en masse, citing "unforeseen circumstances" and "the need to restructure the bank".
  2. Skye Bank's Management Appointed Interim Management Committee: The Central Bank of Nigeria (CBN) appointed an interim management committee to oversee the bank's operations, pending the appointment of a new board.
  3. Skye Bank's Assets Under Management (AUM) to be Managed by CBN: The CBN has taken over the management of Skye Bank's AUM, citing concerns over the bank's financial stability.

What's Next:

  1. Skye Bank's Future Uncertain: The bank's future remains uncertain, with many speculating that it may be merged with another bank or taken over by the CBN.
  2. Skye Bank's Customers Face Uncertainty: Customers of Skye Bank are facing uncertainty over the bank's future, with many worried about the safety of their deposits.
  3. Skye Bank's Employees Face Uncertainty: Employees of Skye Bank are also facing uncertainty over their jobs, with many speculating that the bank may be downsized or merged with another bank.

Stay tuned for further updates on Skye Bank's situation!