FCMB reassures investors after CBN dividend ban, slashes forbearance loans by over 60%

First City Monument Bank (FCMB) Group Plc has issued a detailed reassurance to investors following the Central Bank of Nigeria’s (CBN) recent directive suspending dividend payments by banks with unresolved forbearance exposures or breaches of the Single Obligor Limit (SOL). In a market-sensitive update on Monday, FCMB disclosed it had cut its credit forbearance loan [...]The post FCMB reassures investors after CBN dividend ban, slashes forbearance loans by over 60% appeared first on National Daily Newspaper.

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