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Nairaland Forum / Nairaland / General / Business / Banks To Surpass Q1 Positive Outlook On Back Of New CRR Policy (7103 Views)
Banks To Resume Dollar Loans As Naira Appreciates / Banks Gain N740 Billion From CRR Reduction / 15% CRR: Banks Face Increased Competition For Deposits (2) (3) (4)
Re: Banks To Surpass Q1 Positive Outlook On Back Of New CRR Policy by cecegorz(m): 9:36am On May 25, 2015 |
ednut1:My mouth was agape when I read the analyst saying the move will be positive for banks ![]() ![]() Is Mr analyst aware that recent implementation of TSA has made it impossible for banks to retain public sector funds, which CBN mops up as soon as they are collected by the banks? As a matter of fact, banks currently have insignificant public sector funds to use as risk assets for lending. So they can as well drop public sector CRR to 0%, no biggie. The real worry is moving the only substantial available funds for the banks, the private sector funds CRR up to 31% ![]() ![]() In a lay man's understanding guys, don't expect banks to fund any of your project that will be tenured up to two years, except of course it is a very short term import business. And expect upward interest rate restructuring for your current running facilities! ![]() ![]() |
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