We will get used from the CBN regulatory tolerance on June 30 – Zenith Bank

Zenith Bank Plc, the largest Nigeria Bank for Level-1 capital, has assured the shareholders and investors of its readiness to satisfy all the relevant conditions to get out of the Central Bank of Nigeria (CBN) of regulatory tolerance by 30 June 2025.

The bank also expressed the trust in meeting the expectations of shareholders’ dividends in the exercise of 2025.

The clarification comes on the back of an increase in the health control of the Nigerian banks following the new CBN directive that suspends the payments of dividends and restricts the supervision for banks with loans in circulation for tolerance or violations of the limit of a single obligation (Sol).

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Daily Trust reports that the Apex bank in a circular on June 13 blocked the dividends and other deductions of capital for banks which are still operational based on the regulatory sampling paintings introduced in the aftermath of Covid-19 and the frequency of economic recession.

Regulatory tolerance is a political tool used by central banks that allows banks and financial institutions to maintain operations despite the decline below the required capital thresholds. It is a temporary measure that allows the renovation of activities as non -performing loans.

In a declaration presented to the Nigeria Exchange group (NGX) Tuesday 17 June 2025, Zenith Bank said that its exposure pursuant to the individual obligation limit (Sol) tolerance refers exclusively to a single obligation, underlining that this exhibition will be brought within the regulatory limit applicable by 30 June 2025 or before June 30.

The bank also confirmed that the tolerance granted on other credit lines applies only to two (2) of its customers, noting that it has made substantial provisions in relation to these structures and adopted appropriate and complete measures to guarantee full provisioning by 30 June 2025.

The bank also underlined its strong financial base, affirming that the new N500 billion regulatory capital requirement has successfully increased and successfully passed, and is therefore well positioned to continue to provide value to all its main parties concerned.

Zenith Bank said he continued to stand out in the Nigerian financial services sector through an offer of higher services, a unique customer experience and solid financial indices.

“The bank has remained a clear leader in the digital space with several first first in the distribution of innovative products, solutions and an assortment of alternative channels that guarantee comfort, speed and safety of transactions.”