Nigeria: CBN's New Lending Policy Puts 7 Banks Under Pressure

15 July 2019

A total of seven leading deposit money banks, DMBs, may now be under pressure to beef up their loan portfolio following a recent directive by the Central Bank of Nigeria, CBN, which requires banks to give out 60 percent of their deposits as loans to the real sector.

The banks include, Guaranty Trust Bank, GTB Plc, First Bank of Nigeria, Ecobank Transnational Incorporated, Stanbic IBTC Holdings, Union Bank of Nigeria Plc, United Bank for Africa Plc and Zenith Bank Plc.

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