According to Vanguard news, Nigerian banks closed 234 branches, 649 ATMs in 2020 indicating a drop in two out of many other indicators measuring Financial Assess Score (FAS) from 2019 to 2020, based on the International Monetary Fund report.
However, as you would read below, Bankka.ng opines that decline in these two indicators are not necessarily bad omen as regards the FAS criteria. For instance, these FAS indicators make use of number of bank branches per 1000 population and number of ATM ma…
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2020 Financial Assess Score (FAS): Banks closed 234 branches, 649 ATMs
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