Skye bank will be delaying its 2016 financial report

Skye bank plc wish to inform The Nigerian Stock Exchange (NSE), its esteemed shareholders and other stakeholders of the bank of the reasons for the Bank’s inability to file the Audited Financial Statement of Skye Bank Plc for the year ended 31 December 2016 within the extended time granted by the NSE.

Please be informed that most of the challenges faced in the completion of the audit exercise have been surmounted, and 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.

Corporate Information

Skye Bank Plc., commonly known as Skye Bank, is a commercial bank based in Nigeria. It is one of the twenty-six (26) commercial banks licensed by the Central Bank of Nigeria, the country’s banking regulator.

Skye Bank is a large financial services provider in West Africa and Central Africa. With headquarters in Nigeria, the bank maintains subsidiaries in Sierra Leone, the Gambia, the Republic of Guinea, Liberia, Angola and Equatorial Guinea. As of September 2010, the bank’s total assets were valued in excess of USD3.9 billion (NGN:611.5 billion), with shareholders’ equity of approximately USD630 million (NGN:98.4 billion).

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