(3 minutes read)
- The Loan-to-Deposit ratio (LDR) of Central Bank of Nigeria has hit about N7 trillion on bank savings. This was revealed by the Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN) and Chairman FITC Board, Mrs. Aisha Ahmad.
- The LDR, which the Apex bank had restricted since 2019 till now, has recorded unprecedented growth ensuring stability to the nation’s financial sector
- She was talking on the sidelines of FITC’s 40th anniversary summit 202, which was held in Lagos wit the theme “Towards a shared prosperity in Africa
The Loan-to-Deposit ratio (LDR) of Central Bank of Nigeria has hit about N7 trillion on bank savings. This was revelaed by the Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN) and Chairman FITC Board, Mrs. Aisha Ahmad.
The LDR, which the apex bank had restricted since 2019 till now, has recorded unprecedented growth ensuring stability to the nation’s financial sector. She was talking on the sidelines of FITC’s 40th anniversary summit 202, which was held in Lagos wit the theme “Towards a shared prosperity in Africa”.
She added that the financial system would always be an important driver and facilitator of shared prosperity and said that right skills and talents are needed to meet up with the emerging technology trends. She noted that engagement with the operators is very key to formulating policies that are very relevant to the financial industry.
