2009-10-30 | BSD/DIRGEN/CIR/03/026

Report on Classified Facilities

The Central Bank of Nigeria requests all Deposit Money Banks to provide information on their classified facilities, specifically covering collateral obtained for classified loans, securities owned by subsidiaries in respect of proprietary positions, investments, and crystallized underwriting investments. This report is required to help establish the Asset Management Company of Nigeria. Information should be submitted according to a specified format and is due by November 4, 2009.

09 46236403 09 46236418 BSD/DIRGEN/CIR/03/026 October 28, 2009 CIRCULAR TO ALL BANKS REPORT ON CLASSIFIED FACILITIES In continuation of efforts to strengthen the banking system, the Central Bank of Nigeria has resolved to address, on a holistic basis, the issue of delinquent facilities in the banking system, especially the exposure of banks to the Capital Market. In this regard, preparatory to the establishment of the Asset Management Company of Nigeria, it has become expedient to obtain information from all Deposit Money Banks on their classified facilities. Specifically, the information required will cover details of collateral obtained for classified loans, Securities owned by subsidiaries in respect of proprietary positions, investments and crystallized underwriting investments and bank's securities held in respect of proprietary positions, investment and crystallized underwriting investments. The information, which should be prepared in the attached format, should reach the undersigned not later than Wednesday, November 4, 2009. SAMUEL A. ONI DIRECTOR OF BANKING SUPERVISION COLLATERAL FOR CLASSIFIED LOANS

S/NCustomerType of FacilityAmount of FacilityOutstandingProvisions
BalanceTaken on AccountCoverPortfolio
Levelof Securities
Classification (Substandard, Doubtful, Lost)Value of Securities on 30/09/09
NumberPrice per
of Unitsshare of Securities on 30/09/09
Total
S/NSubsidiaryName of StockNumberPurchasePurchasePrice per
of UnitsPriceValueshare on 30/09/09Market Value on 30/09/09UnrealizedUnrealized
Gain/(Loss)Gain/Loss (%)
Total

SECURITIES OWNED BY SUBSIDIARIES-PROPORIETARY POSITIONS, INVESTMENTS AND CRYSTALLIZED UNDERWRITING INVESTMENTS

Name ofNumber ofPurchase PricePurchase ValuePrice per
S/NStockUnitsshare onValue onUnrealizedUnrealized
30/09/09Gain/(Loss)Gain/Loss (%)
30/09/09
Total
Tags
capital
disclosure