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CBN reduces banks’ Loan to Deposit Ratio to 50%

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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 via a circular to Deposit Money Banks titled “Re: Regulatory Measures to Improve Lending to the Real Sector of the Nigerian Economy”.

In a bid to increase lending to the economy especially Small and Medium Enterprises, SME, retail mortgage and consumer loans, The reduction in the LDR according to analysts at Afrinvest Securities is to allow banks to comply with the Cash Reserve Ratio, CRR of 45 per cent.

 

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