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CIBN Professional Examination Past Questions and Answers

CIBN Professional Examination Past Questions and Answers

The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria The CIBN was incorprated  in 1976 as the Nigerian Institute of Bankers. It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007. The Institute is authorized to control entry into the banking profession, to set standards for bankers and to maintain professional ethics through sanctions of erring members.

This book is a collection of past professional questions and answers for admission into the body. It has been carefully collated and revised for this year's examination.

View related materials in our Professional Exams Past Questions and Answers Section

This book contains questions in:

  • Bank Lending and Credit Administration 
  • Corporate Governance
  • International Trade and Finance
  • Practice of Banking
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CIBN Professional Examination Past Questions and Answers

Sample Question 1

Question 1

ALIMAX MERCHANTILE CO LTD., imports and markets wears. The company has established an account relationship with your branch for over 8 years and did not have any commitment until last year when it was granted an overdraft of N40 million which was included in the figures for current liabilities in the balance sheet. 5
The audited accounts of the company for the past three years are stated below:
ALIMAX MERCHANTILE CO. LTD Balance Sheet as at 31st December 2013 2014 2015 N’000 N’000 N’000
ASSET EMPLOYED
Fixed Assets 83,000 78,800 87,000
Current Assets 230,000 271,200 314,800
Current Liabilities (46,000) (52,000) (105,000)
Long/term Liabilities (unsecured) (17,000) (23,000) (27,000)
Short term Liabilities (25,000) (35,000) (24,800) 225,000 240,000 245,000
FUNDS EMPLOYED
Share Capital 102,000 102,000 102,000
Revaluation Reserve 13,000 13,000 13,000
 

Sample Question 2

General Reserve 57,000 72,000 77,000
Debenture 53,000 53,000 53,000
225,000 240,000 245,000
Turnover 266,200 316,000 368,600
Gross Profit 32,200 42,100 50,000
Net Profit 22,680 29,220 30,140
Dividend per Share N1.2 N1.50 N2.00
NB
Your bank is interested in using the financials for the purpose of monitoring the facility.
Required:
(a) As a credit analyst, you are to analyze and comment on the following items:
(i) Working Capital
(ii) Debenture
(iii) Gross Profit Margin
(iv) Net Profit Margin
(v) Turnover

Sample Question 3

(15 marks)
(b) Mention two (2) uses and three (3) limitations of financial ratios to a lending banker. (5 marks)

Question 2

The loan provisioning guidelines which form part of the Central Bank Prudential guidelines provide guidance to all banks on recognition and establishment of loan loss provision. (a) Explain what you understand by loan loss provision in line with prudential guidelines. (2
marks)
(b) Briefly analyse the provision requirements for the following non-performing project financing debts:
(i) Watch list
(ii) Substandard
(iii) Doubtful
(iv) Very doubtful
(v) Lost (10 marks)

Sample Question 4

(c) What are the Prudential Guidelines on policies and procedures for write-off of fully provided lost credit facilities? (8 marks)

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