Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Fidelity Bank said it has increased its provision against 9mobile to 50% and placed the indebted telecoms firm on a watchlist.
This comes as the bank said it plans to issue local debt to raise funds to boost lending.
9mobile is currently on sale after it took out a $1.2 billion syndicated loan from Fidelity and 12 other local banks in 2013 but failed to make repayments last year.
Meanwhile, Chief Operations and Information Officer for Fidelity bank, Gbolahan Joshua said the sale of the telecoms firm is expected to be concluded by the second half of the year and there would be clarity for all lenders.
Related posts:
School session: NCRI makes provision for Internally displaced children
Fidelity bank shareholders approve N3.2 billion for investors
NEXIM, Fidelity bank, Sapphital partner on enhancing digital learning platform
Agriculture : Group demands huge budgetary provision, loan
World Bank to intensify provision of alternative sources of power for rural electrification
Osun state to benefit from N916m Healthcare provision fund
I will ensure provision of sufficient security for all Nigerians – Tinubu
FHA partners Ogun government on provision of affordable housing
