Meristem Securities has prepared a detailed breakdown on the bank statements of results detailing their losses. It is stunning Intercontinental – N328billion, Oceanic Bank – N286billion, Union Bank – N222billion, First Inland – N94.7billion, Spring Bank – N16billion, and Bank PHB – N387billion.

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As a follow up, Proshare prepared an analysis of the performance of the bank stocks:

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