The Recapitalization Options, Available To Bank For Meeting The New Minimum Share Capital Policy Of Cbn

ABSTRACTThe evolution and development of banking business is a function of the ever increasing need to move fund from one area of surplus to the area of deficit (financial intermediation) and safe keeping of funds and valuables.For banks to properly assume these responsibilities, it must be built on solid financial foundation such that is capable of withstanding the test of time.It therefore stands to reason that, the ongoing recapitalization exercise in the financial institutions is sin quo non for a healthy banking practices. Recapitalization is a process of its reengineering a bank through …