Home Business Risk persists in Nigerian banks despite 2016 outlook – Pitch
Risk persists in Nigerian banks despite 2016 outlook – Pitch
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Risk persists in Nigerian banks despite 2016 outlook – Pitch

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Fitch comments in a report believes significant financial risks persist beyond reported figures.Image result for Nigerian banks

The rating agency says banks’ healthy 2016 net incomes were lifted by large one-off revaluation gains after Nigeria allowed its currency to devalue in June.

The banks made higher US dollar core incomes in terms of naira and booked size-able foreign-currency trading income which offset rising impairment charges.

Meanwhile, Moody’s Investors Services says it is maintaining its stable outlook on the Nigerian banking system in spite of light loan risks.

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