Total assets of the banking industry grew by N14.36tn or 24.24 per cent from N59.24tn at the end of December 2021 to N73.59tn in the corresponding period of 2022.
“Furthermore, results of stress tests showed resilience of banks’ solvency and liquidity ratios in response to potential severe macroeconomic shocks.
According to her, the economy had continued on a path of positive growth for eight consecutive quarters, driven largely by support from the Bank and the fiscal authority to output enhancing sectors. Staff projections indicated that output growth recovery was expected to continue reasonably into 2023, given the expected sustained positive performance during the fourth quarter of 2022 and steady rebound in economic activities, she said.
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