The Etisalat debt default saga while negative for lenders does not pose a systemic risk!
Fig 1: Banks Exposure to Etisalat Nigeria
Banks
Etisalat Loan N'm (Naira)
Etisalat Exposure (Dollars) $'m
Zenith Bank
80,000
262.3
Guaranty Trust Bank
42,000
137.7
Access Bank
40,000
131.1
United Ban
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PATRICK ATUANYA
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more