FCMB Group Plc has moved to reassure investors following a new Central Bank of Nigeria (CBN) directive that suspends dividend payments and tightens oversight for banks with outstanding forbearance-related loans or breaches of the Single Obligor Limit (SOL).
In a statement released Monday, the bank disclosed that it had cut its forbearance-linked loan exposure by more than 60%, reducing it from N538.8 billion in September 2024 to N207.6 billion as of May 31, 2025.
These loans, tied to three entities and two obligors, remain classified as Stage 2 under IFRS 9, but the bank says it has consistently made provisions for them and expects full resolution soon.
