Skye Bank targets to submit delayed 2016 audited result in June

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Skye Bank has expressed hope that its 2016 Audited Financial Statement for the 2016 financial year will be approved and filed before the end of the second Quarter (Q2).

The bank made this known through a statement signed by Company Secretary Babatunde Osibodu and filed with the Nigerian Stock Exchange on Tuesday.

The statement Titled “Further Update on the Late Filing of the Audited Financial Statement for the Year Ended December 31, 2016” was addressed to The Nigerian Stock Exchange (NSE), the company’s esteemed shareholders and other stakeholders of Skye Bank Plc.

The bank noted that the reasons for its inability to file the Audited Financial Statement for the year ended 31 December 2016 within the extended time granted by the NSE, was as a result of the challenges faced in the completion of the audit exercise, most of which have been surmounted.

“As previously stated, the draft Audited Financial Statement (AFS) for the year ended 31 December 2016 is currently awaiting the final approval of the Bank’s primary regulator, the Central Bank of Nigeria (CBN). The Bank is hopeful that the 2016 AFS would be approved and filed at the NSE before the end of the current quarter,” the statement read.

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