Proshare Logo
   Market Date: 29-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

Extension of Interbank Guarantee to Oceanic Bank on Signing of TIA

Category: Regulators

  Read (1408)
Extension of Interbank Guarantee to Oceanic Bank on Signing of TIA



Following the successful signing of Transactions Implementation Agreement (TIA) between Ecobank Trans-national Inc (ETI) and Oceanic Bank Plc, the CBN wishes to announce  its extension of interbank guarantee given to Oceanic Bank to 31st December 2011.The extension is on the same conditions as stated in the CBN circular dated 13th July, 2009 titled “Guarantee for Interbank Placements and Placements with banks by Pension Fund Administrators”.
It will be recalled that the same approval was granted to Union Bank Plc, Intercontinental Bank and Finbank Plc after signing their individual TIAs with investors and merger and acquisition partners last month.
The signing of these legally binding TIAs for these four (4) banks has resolved the recapitalization of close to 75% of the combined negative asset value of the eight CBN intervened banks.
The recapitalization of all the eight banks is on course to be completed before the 30 September, 2011.
M. M. Abdullahi
Head, Corporate Communication
August 2, 2011


Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Regulators

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014