The Nigeria Deposit Insurance Corporation (NDIC) has said the unaudited profit-before-tax (PBT) of the banking industry for last year, stood at N601.02 billion, representing an increase of 11.31 per cent over N539.97 billion reported in 2013.
Its Managing Director, Alhaji Umaru Ibrahim, who spoke while delivering an address at the 2015 Executive Breakfast Meeting of the Society for Corporate Governance Nigeria, said the banking industry liquidity risk was moderate during the period under review.
He said the industry average liquidity ratio rose from 50.63 per cent in 2013 to 53.65 per cent last year showing an increase of 3.02 per cent.
“Individually, all the DMBs in the industry had liquidity ratios in excess of the minimum prudential requirement of 30 per cent, as at December 31, 2014, indicating that all DMBs were sufficiently liquid,” he said.
Ibrahim urged stakeholders in the banking sector to pay greater attention to sound corporate governance practices to prevent systemic crisis in the sector.