N1.26trn assets registered with National Collateral Registry vanguardngr.com vanguardnews
The Registrar of the NCR, Alhaji Mohammed Mainasara, disclosed this while addressing Finance Correspondents on the activities of the agency in Abuja.According to him, a total of 65,370 moveable assets had been registered on the NCR’s portal as at March 20, 2019.
It allows borrowers to prove their creditworthiness and lenders to assess their priority interest in potential claims against particular collaterals. The rest were: 417 plants and machinery, 218 securities, 13,425 motor vehicles, 1,582 farm products, 1,166 deposit accounts and 10,579 consumer/household goods among others.He gave the breakdown as: 21 deposit money banks 552 Microfinance banks, four Merchant banks, four Development Finance Institutions , 34 finance companies; one non-interest bank and 14 non-bank financial institutions.
He disclosed that two of the registered Development Finance Institutions attracted largest number of borrowers registered on the NCR portal numbering 114,894, with financing statements of N54.131 billion.
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