Hassan Bello gave the hint while speaking at the 2019 workshop for Finance Correspondents and Business Editors.
The LDR, which is being reviewed quarterly to improve lending to the real sector, was 58.5 per cent as of the end of May.It has now been raised to 65 per cent for the last quarter of this year. “This is to encourage employment. Now, we are thinking of doing 70 per cent by the end of next year. Within the period that we have increased the LDR, industry lending has increased by over N1.1tn.”
On the issue of Non-Performing Loans in the banking sector, Bello said steps have been taken to reduce the number of delinquent debtors. “Yes, there are vulnerabilities, but we do not foresee any systemic challenges in the banking industry, that would jeopardize the banking system.”
CBN i know, who's LDR?
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