8/3/2018/Fitch Ratings Chinese authorities’ reported plans to relax provisioning requirements and broaden the scope of eligible capital instruments provide greater scope for banks to migrate non-loan and off-balance-sheet assets into loans, says Fitch Ratings. The lower provision requirement would also allow banks to accelerate loan impairment recognition. Tight regulations on […]
Money Market
Six Banks Accounted for 57% Total Industry Deposits as at June
March 9, 2018/Thisday Obinna Chima Six of the largest banks in the country accounted for 57.05 per cent of the total deposits in the industry as at June 2017, compared with the 53.70 per cent recorded at the end of December 2016. Also, the six banks also accounted for 60.11 […]
Financial Stability Report: CBN Says Banks Credit to Private Sector Fell Marginally 1.47% to N15,91 Billion in December 2016
March 8, 2018/CBN Executive Summary Global output growth was projected at 3.5 per cent in 2017, compared with 3.2 per cent recorded in 2016. The key drivers of the increase in growth included the strengthening of financial markets and expected recovery in manufacturing and trade. Inflationary pressures were sustained across […]
