Banks’ deposit with CBN receding due to new Loan-to-Deposit Ratio of 65%
Since the Central Bank of Nigeria (CBN) increased the Loan-to-Deposit Ratio (LDR) from initial 60% to 65%, there had been a serious drop in banks’ deposit with the apex bank through the Standing Deposit Facility by 68 per cent in…
CBN ties banks down to 60% minimum Loan to Deposit Ratio from Sept
In view of jump-starting massive loan give out to business operators, the Central Bank of Nigeria (CBN), in a circular signed by the Director of Banking Supervision, Ahmad Abdullahi, ruled that “All DMBs are hereby required to maintain a minimum…
