3 Nigerian lenders expected to raise capital in 2017

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FBNHoldings, Diamond Bank and Skye Bank are 3 Nigerian Banks that are expected to attempt to raise capital in 2017 according to Standard and Poor’s.

The capital raising attempts may however be unsuccessful and earnings for the 3 banks will be weak.

This is according to Samira Mensah, S&P Associate Director, Financial Institutions Ratings.

S&P also expects its rated banks to have average credit losses of above 3.5% in 2017.

S&P rated banks are Access, Diamond, Ecobank, Fidelity, FBNH, FCMB, GTB, Skye, StanBic IBTC and Zenith Bank.

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