Ecobank
Nigeria may have begun plans to riase additional capital in order to boost its
tier-1 capital. Vanguard gathered that the bank’s total capital adequacy ratio
at the end of the first half of 2014 stood at 13.3 per cent.
The
additional capital, according to capital market operator, will be a boost as
the recent Central Bank of Nigeria (CBN) draft guidelines categorised the bank
as a systemically important bank.
According
to Adesoji Solanke of Renaissance Capital, “Considering the Central Bank of
Nigeria’ (CBN’s) preference for tier-1 capital for a bank of this scale, we
think the subsidiary needs a tier-1 capital injection.”
The
subsidiary of Ecobank Transnational Incorporated (ETI) recently raised $250
million in tier-2 capital, thereby lifting its Capital Adequacy Ratio (CAR) to
16.5 per cent.
It
was gathered that
