Because U.S. branches and agencies are part of the foreign parent bank, they would not be included in the IHC. However, they would be subject to the activity restrictions applicable to branches and agencies today as well as to certain additional measures discussed below. Second, the same capital rules applicable to U.S. BHCs should also apply to U.S. IHCs.
The CBN and NDIC stand ready to provide every necessary support to the new Board to recapitalize the bank, and ensure that it meets the aspirations of the shareholders, depositors and the Nigerian public. This will be completed within the shortest possible time. 3. We assure all depositors of Springbank that their money is safe.