New Lending Policy Grows Banks' Performance - Nigeria
Dec 21, 2019 ·
1m 5s
The Deposit Money Banks has raised their credit exposure to the capital market and insurance sectors in an increased effort to meet the Central Bank of Nigeria (CBN) new lending...
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The Deposit Money Banks has raised their credit exposure to the capital market and insurance sectors in an increased effort to meet the Central Bank of Nigeria (CBN) new lending policy.
According to Toyin Sanni, Managing Director/CEO, Emerging Capital Group, a Lagos-based investment banking firm, disclosed that the CBN’s circular to banks to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60 percent before September 30, 2019, had led to growth in banks’ loan books. Adding that, nearly all sectors were positively impacted as a result of the action.
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According to Toyin Sanni, Managing Director/CEO, Emerging Capital Group, a Lagos-based investment banking firm, disclosed that the CBN’s circular to banks to maintain a minimum Loan-to-Deposit Ratio (LDR) of 60 percent before September 30, 2019, had led to growth in banks’ loan books. Adding that, nearly all sectors were positively impacted as a result of the action.
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