Nigeria: Moody's - Rising Foreign-Currency Deposits Will Ease Pressure On Banks

26 February 2019

One of the global rating agencies, Moody's Investors Service has stated that commercial banks' rising foreign-currency deposits will support the financial institutions' foreign-currency funding and ease liquidity pressure in the banking system.

In addition, it would help reduce the ratio of foreign-currency loans to foreign-currency deposits, the rating agency added.

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