Falling trend of non-performing loans indicate increasing banking sector resilience – MPC

Folashodun Shonubi, another MPC member, said the banking sector remained resilient and remained the key source of support for the domestic economy.

At the end of June 2021, he added, industry total asset and credit increased even further, while industry liquidity and capital adequacy ratios remained above the statutory minimum.

He stated, “The non-performing loan ratio improved marginally to 5.7 percent, though it was slightly above the prudential, maximum of five percent.

“Monetary aggregates developments and money market rates reflected the impact of the bank’s liquidity management measures.”

Source: NairaMetrics

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More