2019-10-02 | BSD/DIR/GEN/LAB/12/049

Re: Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy

The Central Bank of Nigeria has increased the minimum Loan to Deposit Ratio (LDR) target for all Deposit Money Banks (DMBs) from 60% to 65%, effective immediately. This measure aims to sustain the growth in the industry's gross credit and encourage lending to SMEs, retail, mortgage, and consumer sectors. DMBs failing to meet the new minimum LDR by December 31, 2019, will be subject to additional Cash Reserve Requirements.

Nigeria

Central Bank of Nigeria

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