Monetary Policy experts have cautioned banks in the country to cut down on this to ensure a robust balance sheet.
He added that, the stress tests conducted on the industry show that, it can weather the major risks and vulnerabilities in the system, noting that, the financial soundness indicators remain positive and that the banking system remains strong, sound, and resilient.
“Liquidity ratio rose to 45.3 per cent in April 2023, from 43.8 per cent in March 2023. This is above the minimum 30 per cent recommended by the prudential requirement.” “Industry soundness indicators also remain strong as of April 2023, with capital adequacy ratio at 12.8 per cent, non-performing loans ratio at 4.4 per cent from 5.3 per cent in April 2022 and liquidity ratio at 45.3 per cent above the 30.0 per cent minimum even as credit to the real sector continued to grow.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Curb exploitative charges by banks - Financial expert tells CBNMr Okechukwu Unegbu, a financial expert, has called on the Central Bank of Nigeria (CBN) to check the multiplicity of service charges by Deposit Money
Read more »
NYSC blames banks for delayed corpers’ allowancesThe National Youth Service Corps says commercial banks are responsible for the delay in the payment of June allowances of serving corps members across the country.
Read more »
Don't cause friction between Wike, Jarigbe over Senate Minority Leadership - Group warns PDP membersMembers of the Peoples Democratic Party, PDP, have been warned not to cause any friction between Agom Jarigbe, the Senator representing Cross River North
Read more »
Gunmen kill RCCG pastor, abduct seven church members in OgunSome unknown gunmen, on Saturday, stormed a Redeemed Christian Church of God (RCCG) parish in Ogun State, killing the pastor and abducting seven
Read more »
Akpabio Mourns Death Of Salvation Army's MembersPresident of the Senate, Godswill Akpabio, has commiserated the leadership and members of The Salvation Army, over the death of their officers and members in
Read more »
APGA constitutes c'ttee to reconcile party members in Abia, ImoThe national leadership of the All Progressives Grand Alliance, APGA, has set up a committee to reconcile aggrieved party members in Abia and Imo States.
Read more »