Wednesday, April 6, 2011

GTBANK TO SELL N3Obn Toxic Loans To AMCON

GTBank to sell N30bn toxic loans to AMCON



GTBank plane to sell $1.7 billion of toxic  to AMCON which was normaling selling for $4 billion.  thats y the
bank reduce its loan ration from 12.2 cent to 6.79 per cent, but guaranty plan to expand their loan to 15 per
cent this year. GTB share stock declined with NSE. NSE has gain more this year  compare with the decline they
shear with GTB. Meanwhile ETI bad loan dropped, But net interest increase last year.


I think GTBank should have sell the toxic the right prize to AMCON. They sholdn't even be selling toxic to any bank for that matter. i think AMCON shouldn't buy the toxic, but if they really need it than they can buy it but they don't so y will they buy it for that amount of money.

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