Skye Bank Explains Reason for Delay in Filing Earnings

By Dipo Olowookere

The board of Skye Bank Plc has released a statement to explain why it has not been able to file its Unaudited Financial Statements (UFS) for the period ended June 30, 2018.

In the statement addressed to the Nigerian Stock Exchange (NSE) and its “esteemed shareholders and other stakeholders,” the lender disclosed that it was still awaiting the approval of the Central Bank of Nigeria (CBN).

The financial institution disclosed that the document containing the company’s earnings during the period under review was approved by the board at its meeting of August 9, 2018.

“The bank’s Unaudited Financial Statements for the period ended June 30, 2018 were approved by the Board at its meeting of August 09, 2018, and have been presented to the Central Bank of Nigeria (CBN), as the bank’s primary regulator, for approval,” the statement said.

“As with the Bank’s Audited Financial Statements for previous financial years (2016 and 2017), the Unaudited Financial Statements for the period ended June 30, 2018 shall be published as soon as the CBN grants its approval,” Skye Bank assured.

“We wish to assure all our stakeholders that the bank remains committed to transparency, full disclosure, and compliance with regulatory requirements,” it further assured.