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Headline : CBN reduces banks’ LDR to 50%

Read more from the original article on here at www.premiumtimesng.com.




Tags : #cbn #reduces #banks #ldr #5025


No. of Paragraph 31

The Central Bank of Nigeria (CBN) on Wednesday announced a reduction in the Loan-to-Deposit Ratio (LDR) of banks in the country to 50 per cent.

The LDR is used to assess a bank’s liquidity by comparing a bank’s total loans to its total deposits within the same period.

According to a circular signed by Adetona Adedeji, Acting Director of the Banking Supervision Department, the adjustment, mirroring the recent increase in the Cash Reserve Ratio (CRR) for banks, aims to align the LDR policy with the current monetary tightening measures undertaken by the CBN.

“Following a shift in the Bank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.

Read more from the original article on here at www.premiumtimesng.com.


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