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Moody’s declares 65% LDR for Nigerian banks as credit-negative – what are the implications for the economy?

PUBLISHED: Wed, 15 Jan 2020 12:27:16 GMT

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Moody’s Investors Service says meeting the Central Bank of Nigeria’s (CNB) minimum requirement of 65 per cent Loan-to-Deposit ratio will be credit negative for the banks as they expect Nigerian banks to potentially make riskier loans to meet the LDR target by March. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa from London for more.


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