[size=13pt]Banks are recovering, says Sanusi[/size]

• Over 90% drop in ATM fraud recorded
The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said the dramatic drop in the levels of non-performing loans and the structured growth of the banks in  capitalisation, capital adequacy and liquidity ratio, are restoring confidence in the economy.

Sanusi, disclosed this yesterday, in Abuja,  at the second day of the three-day Strategy Execution Master Class, being facilitated by Dr. Robert Kaplan of the Palladium Group.

The banks, he said “are on the road to recovery and I have no doubt that we have put in place the relevant measures to grow the banking sector along the lines of international best practices.”

Sanusi, said the CBN is deepening the yield curve in the financial markets and the level of transparency and efficiency in those markets is rising dramatically. “Serious investors are coming back to the Nigerian market,” he added.

The FSS 2020 programme,  he explained,  is a holistic programme, which vision is to make Nigeria one of the safest and fastest growing economies, among the emerging markets. To this end, he said, the CBN plans “to create a financial system that is surplus to domestic requirements and also create a Nigerian International Financial Centre (NIFC).”

He said: “When the FSS2020 programme was launched, its diagnostic phase saw about 150 experts from across the financial system coming together to craft a road map for the financial sector reforms. At the end of the exercise, we agreed that we should set up a financial system that would make Nigeria, Africa’s financial hub.”

He said the FSS2020 initiative is, arguably, the most comprehensive financial reform programme going on in the world today. A development that has seen the various sectors of the economy showing “tremendous improvement, in spite of the adverse impact of the global financial crisis that has been on since late 2008.”

He said said Automated Teller Machine (ATM) fraud- related cases have dropped by over 90 per cent since the adoption of the Financial System Strategy (FSS) 2020 initiative.
The three-day Balanced Scorecard event is part of that process. It is an event that brings together the captains of the financial system to enable them to revalidate their process of strategy execution and make necessary refinements.

Prof Kaplan is a renowned authority on strategy management and execution. As co-creator of the Balanced Scorecard concept, he has been at the forefront of making it the choice tool for strategy execution in many parts of the world.

http://www.thenationonlineng.net/2011/index.php/business/19608-banks-are-recovering-says-sanusi.html

Oga boko-haram, thank u. Any other news?

so you say but you 4get u have ruined alot of lives,those who used their life savings to invest in the shares of those banks.the moral of the exercise is investing in the once lucrative bank shares is a bad idea.i hope the non-distressed banks wont come out to sell shares later,then you will no the implications of ur actions.

Sanusi is now afraid of losing his job.

It has become clear to him that GEJ will NOT TOLERATE his tribalistic, discriminatory, hate-inspired, ineffective and inefficient financial 'reforms'.

dabrake:

Oga boko-haram, thank u. Any other news?

how many nigerians has been shown the way out of jobs because of sanusi's reform?

u are talking about jobs lost when people used their gratuties to buy shares in anticipation of a better 2moro,now they are koboless.sanusi the union bank distress story is a big lie,funke osibodu u appointed as its g.m.d to rescue a so called distressed union bank,d 1st thing she did was to buy a status car mercedes e350 frm globe motors for 16million naira and also collected housing allowance of n26,765,753.42 which is for 3yrs when she was appointed for 2yrs.posterity will judge u and ur croonies and u say union bank is distressed

The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said the dramatic drop in the levels of non-performing loans and the structured growth of the banks in capitalisation, capital adequacy and liquidity ratio, are restoring confidence in the economy.

Yes there is a dramatic drop in the levels of non-performing loans because the banks are no longer giving out loans and industries are dying. But of course a Boko Harmish I.d.i.o.t. like him wouldn't know that. Would he? Mtshew.

Nigerians av all b keeping quiet wen dis obviously warped mind has bn dishin out 1 bad policy after d oda.I saw wt him in d removal of clearly corrupt bank md's,but dere alternatives av not bn betta and he's so obsessed wt dis flawed islamic bankin idea and oda half thot out policies dt I s/time begin to wonder weda he trully has d dvpt of d nation at heart or he's pursuing a sectional/religious agenda

why is this fool not talking about boko harem again.The most intelligent person in the north happens to be this ingrate

SANUSI should respect the emotions of most Nigerians and keep his mouth shut; perhaps then he can complete his tenure in peace and not in pieces. He should take a cue from the chap at NDDC.

hollandis:

why is this fool not talking about boko harem again.The most intelligent person in the north happens to be this ingrate

hollandis:

why is this fool not talking about boko harem again.The most intelligent person in the north happens to be this ingrate

He still knows nothing.He thinks bow tie makes him look intelligent.

Were the banks in distress before?.Sanusi is recovering from distress as he has pacified those he wanted to pacify in respect of bank's business.But he fails to understand that nothing is permanent in this life.I know those he destoyed their businesses in the name of banking reforms are crying for vengeance and i know God will fight for them.He accused all the directors of the so-called rescued banks of corruption but i am not very sure he has been able to fight corruption in CBN