2014-08-06 | BSD/DIR/GEN/LAB/07/021

Exclusion of Non-Distributable Regulatory Reserve and Other Reserves in the Computation of Regulatory Capital of Banks and Discount Houses

The Central Bank of Nigeria has issued a letter to banks and discount houses outlining changes in the calculation of regulatory capital. Key updates include excluding certain reserves from total qualifying capital, such as Regulatory Risk Reserve, collective impairment on loans, and OCI Reserves. Additionally, unrecognized OCI gains will not count towards the capital, while losses must be deducted. The changes are immediate and supersede previous guidelines.

Nigeria

Central Bank of Nigeria

Show thumbnail