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CBN retains banks’ loan to deposit ratio at 65 per cent

by Daramola Oluwafunmilayo

January 8, 2020

in Latest News, Top News

Reading Time: 1 min read

Emefiele bags Euroknowledge Award, CBN retains MPR at 11.5 percent, cbn banks naira notes, Emefiele, CBN, CBN NASS

Godwin Emefiele, CBN governor

The Central Bank of Nigeria(CBN) has directed Deposit Money Banks (DMBs) to maintain the existing Loan to Deposit Ratio of 65 per cent for the interim.

ALSO READ: Business registrations to suffer delay as Buhari returns CAMA Bill to NASS

This is contained in a letter to all banks seen by Tribune Online and signed by the Director of banking supervision CBN, Ahmad Abdullahi.

By this latest directive, the apex banking sector regulator has cleared the air on speculations that it will increase banks’ Loan to Deposit Ratio to 70 per cent by 2020.

Details later …

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Tags: CBN Central Bank of Nigeria Deposit Money Banks DMBs

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