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Heritage Bank is not in Distress, CBN assures Nigerians


Press Release on Heritage Bank 


Heritage Bank is not in Distress

The attention of the Central Bank of Nigeria (CBN) has been drawnto false and malicious stories on the social media insinuating that Heritage  Bank is under financial distress   and   therefore   unable   to discharge its obligations to its depositors.

We wish to state that Heritage Bank is not in distress and as such its depositors should go about their transactions without fear.

For   the   avoidance   of   doubt,   we   wish   to   further   state   that   no Nigerian Bank is in distress.

The   CBN,   as   the   industry  regulator,  has   a   duty   to   depositors,   inparticular, and the economy, in general, to ensure the soundness of all financial institutions.

We  therefore   wish   to   assure   all   depositors   of   the   safety   of   their deposits.

The   CBN   also   wishes   to   state   that   it   will   remain   alive   to   its responsibility of   ensuring  banking  system  stability   and  soundness through   constant   monitoring   and   supervision   of   all   licensed institutions.

The  Central  Bank   of   Nigeria   wishes  to   reiterate  that   the   banking system remains resilient enough to weather the current economic storm.  

Isaac Okorafor

Ag. Director, Corporate Communications

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