Speaking on behalf of the Independent Shareholders Association of Nigeria (ISAN), the Emeritus National Coordinator, Sir Sunny Nwosu condemned the biting effect of the CRR policy on the business of the bank and the eventual dividend of investors.
“Cash restriction of over N1tr is definitely hurting the bank” as he insisted that the apex bank cannot be restricting commercial banks from leveraging their liabilities.
“We urge the bankers Committee to make it abundantly clear to the CBN that they can feel the pulse of investors.”
Nwosu praised UBA’s for ensuring that the African subsidiaries performed well by contributing 55% to the Group’s business.