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One expression of the grow¬ ing problems of the economy was the announcement by the Bank of Israel that the foreign debt grew by 2bn £lJ2bn in the 12 months ended in Septem¬ ber to bring the total
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The report added that the affected banks are the United Bank for Africa UBA Plc – 530 million First Bank of Nigeria FBN Ltd – 469 million Diamond Bank Plc – 287 million Sterling Bank Plc – 269 million Skye Bank Plc221 million Fidelity Bank Plc – 209 million Keystone Bank Ltd – 139 million First City Monument Bank FCMB Ltd – 125 million and Heritage Bank Limited – 855 million
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