Loans to private sector: Sword of damocles still hangs over banks

Omodele Adigun Topping the industry gross credit by over N829 billion within four months was not enough for the banks to escape regulatory wrath as the Central Bank of Nigeria (CBN) slammed 12 banks with N499.1 billion penalties early this month. Their offence was breaching the 'Regulatory Measures to Improve Lending to the Real Sector []The post Loans to private sector: Sword of damocles still hangs over banks appeared first on The Sun Nigeria.
Click here to read full news..