Regulatory Alerts2024-04-17 | BSD/DIR/PUB/LAB/017/005RE: Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy
The Central Bank of Nigeria has issued a letter to all banks, announcing a reduction in the loan-to-deposit ratio (LDR) by 15 percentage points to 50%, aligning with the current monetary tightening. All DMBs are required to maintain this level, with the CBN monitoring compliance and reviewing market developments. The letter emphasizes the importance of strong risk management practices in lending operations.
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monetary
credit