2018-09-10 | FPR/DIR/GEN/CIR/07/007

Redesigned Credit Risk Management System (CRMS) Additional Regulatory Guidelines for the Operation of the Redesigned CRMS

The Central Bank of Nigeria (CBN) has issued additional regulatory guidelines for the operation of the redesigned Credit Risk Management System (CRMS) for commercial, merchant, and non-interest banks. These guidelines address grey areas in rendition requirements and ensure compliance with the CRMS, which aims to identify and minimize the activities of serial defaulters and predatory borrowers. They cover companies with non-Nigerian non-resident directors, government guarantees for loans, record archiving, and loans to bank employees.

Nigeria

Central Bank of Nigeria

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