Note:The Bank has a loss of N286.168 billion for the period and shareholders fund were eroded to a negative N253.91 billion as at 31st December 2009. During the period, the CBN intervened in the management of the Bank as a result of financial and operating weaknesses observed resulting in excessive credit exposure. The CBN thereafter approved a term loan of N120 billion at initial interest rate of 11% (currently 6%) to improve the liquidity position of the bank. The directors have also intensified loan recovery efforts. The directors are of the view that with the support of the CBN and increasing success in the loan recovery drive and the restructuring effort, the Bank should be operating profitably going forward.