The Central Bank of Nigeria, CBN has reduced the Loan to Deposit Ratio, LDR of banks to 50 per cent from 65 percent. The reduction was announced through a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy”. The circular was signed by Acting Director, Banking Supervision Department, CBN, Mr. Adetona Adedeji. In line with the new measures, the CBN has reduced the loan-to-deposit ratio by 15 percentage points, down to 50 per cent. This move aligns with the…
Read MoreCBN Slashes Loan-To-Deposit Ratio To 50%
