Business Nigerian Banks Have Highest Cost Base – Report - Leadership

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LequteMan

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Due to increased levy paid to the Assets Management Company of Nigeria (AMCON) as well as the poor state of infrastructure in the country, Nigerian banks have been discovered to have the highest cost base amongst their peers.

According to a report by JP Morgan, “Nigerian banks have higher cost/income ratios versus their Central and Eastern Europe, Middle East and Africa (CEEMEA) bank peers due to lack of necessary infrastructure in form of quality manpower, steady electricity supply, security of physical assets, etc.”


Source: Leadership

see more at http://leadership.ng/news/111113/nigerian-banks-have-highest-cost-base-report

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