Zenith Bank Plc and FCMB Group Plc have announced that both lenders will fully exit the Central Bank of Nigeria (CBN)’s regulatory forbearance framework by the end of June 2025 as part of their efforts to strengthen capital efficiency and sustain investor confidence.
This follows the Central Bank of Nigeria (CBN) directive on June 13, which instructed banks to pause dividends, defer executive bonuses, and halt offshore expansion until they’ve adequately provisioned for forbearance loans and resolved breaches of single obligor limits.
In separate disclosures following the CBN’s recent circular on enhanced prudential guidelines (Reference No.. BSD/DIR/CON/LAB/018/008), the two banks outlined their progress and timelines for full compliance with the apex bank’s directives on Single Obligor Limit (SOL) and credit exposure provisions.
