2018-06-07 | FPR/DIR/GEN/CIR/07/002

Circular to All Banks on the Redesigned CRMS: Notice of Commencement of CRMS Compliance Status Checks

The Central Bank of Nigeria circulates a notice to banks, advising them to align their Credit Risk Management System (CRMS) compliance with End-of-Month processes and statutory return submissions. Banks must update their live CRMS records within 8 days after each month-end to match the totals with the FiNA month-end returns. An additional feature, "Historical Outstanding Balances Report," has been added to the CRMS platform for banks to download historical CRMS records.

Nigeria

Central Bank of Nigeria

Show thumbnailShow full textSourceAdd to collection

Show thumbnail