2015-11-17 | BSD/DIR/GEN/LAB/08/052

The Need for Banks to Build Adequate Loan Loss Reserve

The letter, addressed to all banks, highlights the need to increase provisions for loan losses due to the challenging macroeconomic environment. Banks are instructed to raise the general provision on performing loans to 2% during their prudential review, aiming to build sufficient buffers. This directive is issued under the authority of the Prudential Guidelines for Deposit Money Banks 2010.

Nigeria

Central Bank of Nigeria

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