Tag: peter mushangwe
Moody’s declares 65% LDR for Nigerian banks as credit-negative – what are the implications for the economy?
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.
Moody's Investors Service says it expects Ghana's debt burden to reach 72.4 percent of GDP by the end of the year, on the back of the costs associated with operationalising the newly created Consolidated Bank and the resolution of UT Bank and Capital Bank earlier. Peter Mushangwe, a Banking Analyst at Moody’s joins CNBC Africa to analyse Ghana’s banking space.