The document stated that the credit was stimulated by the policy on Loan-to-Deposit Ratio (LDR).
In Nigeria, deposit money banks are required to keep 65% loan to deposit ratio.
With all its strides in profitability, foreign exchange gains, and even an increase of well over a billion in its net gains on financial instruments, one...
The Central Bank of Nigeria (CBN) has retained the Loan to Deposit Ratio (LDR) at 65% against the widely projected percentage (70%) for 2020.
Over the last few days, there have been notices from a couple of banks advising a downward review of deposit rates.
The Central Bank of Nigeria (@cenbank) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70%, from the current 65% recently implemented by...
Credit to the private sector hit N25.8 trillion in October 2019, as credit to governments declined by N1.4 trillion to N9.05 trillion.
The CBN recently mandated Commercial Banks in the country to maintain a minimum Loan to Deposit Ratio (LDR) of 60% by 30th September 2019.
Banks' deposits with the Central Bank of Nigeria (CBN) via the Standing Deposit Facility (SDF) dropped by 68%.
The CBN has issued a fresh circular mandating commercial banks operating in the country to lend out up to 65% of their customer deposits.