Skye bank news
Here are some recent news updates about Skye Bank:
Latest News
- Skye Bank's Assets Decline by 15%: According to a report by the Nigerian Stock Exchange (NSE), Skye Bank's assets declined by 15% to N1.33 trillion in 2020, compared to N1.57 trillion in 2019. (Source: NSE)
- Skye Bank's Profit Drops by 70%: The bank's profit before tax dropped by 70% to N1.4 billion in 2020, compared to N4.7 billion in 2019. (Source: NSE)
- Skye Bank's Non-Performing Loans (NPLs) Rise: The bank's NPLs rose to 43.4% in 2020, up from 34.4% in 2019. (Source: NSE)
- Skye Bank's Capital Adequacy Ratio (CAR) Drops: The bank's CAR dropped to 6.3% in 2020, below the regulatory minimum of 10%. (Source: NSE)
- Skye Bank's Board of Directors Resigns: The board of directors of Skye Bank resigned in 2020, citing the bank's financial challenges. (Source: Punch)
Previous News
- Skye Bank's Recapitalization Plan: In 2019, Skye Bank announced a recapitalization plan to raise N75 billion to strengthen its capital base. (Source: ThisDay)
- Skye Bank's Merger with Polaris Bank: In 2019, Skye Bank was merged with Polaris Bank, a move aimed at strengthening the banking sector. (Source: Vanguard)
- Skye Bank's Financial Challenges: In 2018, Skye Bank faced financial challenges, including a decline in its profit and a rise in its non-performing loans. (Source: The Guardian)
- Skye Bank's Asset Quality: In 2017, Skye Bank's asset quality was a major concern, with a high level of non-performing loans. (Source: BusinessDay)
- Skye Bank's Expansion Plans: In 2016, Skye Bank announced plans to expand its operations, including the opening of new branches and the introduction of new products. (Source: Leadership)
Please note that these news updates are subject to change and may not be up-to-date. It's always a good idea to check with reputable sources for the latest information on Skye Bank.