Regulatory Alerts2020-01-08 | BSD/DIR/GEN/LAB/12/070Re: Regulatory Measures To Improve Lending To The Real Sector Of The Nigerian Economy
The Central Bank of Nigeria (CBN) has observed a significant increase in the gross credit extended by Deposit Money Banks (DMBs) to customers and has decided to maintain a minimum Loan Deposit Ratio (LDR) of 65%. DMBs are required to uphold strong risk management practices and will be monitored by the CBN, who may make further adjustments to the LDR as necessary. Failure to meet the target LDR by March 31, 2020, will result in a levy.
Tags
monetary
credit