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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