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Bank consolidation policy in Nigeria is a measure to increase

Economics
JAMB 2011

Bank consolidation policy in Nigeria is a measure to increase

  • A. the capital base of banks
  • B. employment opportunities in banks
  • C. the number of shareholders
  • D. the number of branches
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Correct Answer: Option A
Explanation

Bank consolidation is the process by which one banking company takes over or merges with another. This leads to a potential expansion for the merging bank. It is usually done to maintain and reach the required capital base as instituted by the central bank.

A bank's capital base is the "cushion" for potential losses, that protects the bank's depositors and other lenders. It is the required amount set aside in assets to mitigate against losses.


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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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