Heritage Bank is not in distress, says CBN

The Central Bank of Nigeria (CBN) on Tuesday affirmed that Heritage Bank is not in Distress as wrongly believed by some members of the public.

The CBN said this in response to false and malicious stories on the social media in sinuating that Heritage Bank is under financial distress and therefore unable to discharge its obligations to its depositors.

“We wish to state that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear”, Isaac Okorafor, acting director, Corporate Communications said in a statment.

The Apex bank further stated clearly that no Nigerian Bank is in distress, assuring all depositors of the safety of their deposits.

The CBN, as the industry regulator, has a duty to depositors, in particular, and the economy, in general, to ensure the soundness of all financial institutions.

“The CBN also wishes to state that it will remain alive to its responsibility of ensuring banking system stability and soundness through constant monitoring and supervision of all licensed institutions.

The Central Bank of Nigeria wishes to reiterate that the banking system remains resilient enough to weather the current economic storm”.

 

HOPE MOSES-ASHIKE