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PHB |
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The banks that will receive the advisory services are Afribank Plc, FinBank Plc, Intercontinental Bank Plc, Oceanic International Bank Plc, Union Bank of Nigeria Plc, Bank PHB Plc, Equatorial Trust Bank Limited and Spring Bank Plc whose management were recently replaced as well as Wema Bank Plc and Unity Bank Plc. A cousin to PHB, which is actually a copolymer, was developed to help improve these deficient properties. Bank PHB was adjudged to be under severe liquidity strain, the inescapable consequence of a high level of non-performing loans in its portfolio. |
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