CBN Debits 12 Banks ₦499bn For 60% Loan Ratio Default
October 3, 2019
1:32 am
Credit to private sector rises to ₦16.397tn
The Central Bank of Nigeria (CBN) has deducted a total of ₦499,175,535,097 from the accounts of 12 banks under its supervision, over their failure to meet the September 30, 2019 deadline it had stipulated for them to maintain 60 percent loan-to-deposit (LDR) ratio.
The banks are Citibank, FirstBank of Nigeria, FBNQuest Merchant, First City Monument Bank, Guaranty Trust Bank, Jaiz Bank, Keystone Bank and Rand Merchant Bank.
Others are Standard Chartered Bank, Suntrust, United Bank for Africa and Zenith Bank.
A one-page document by the CBN obtained by newsmen last night showed that …
