The Central Bank of Nigeria (CBN) has announced a reduction in the Loan-to-Deposit Ratio (LDR) for deposit money banks from 65 percent to 50 percent.
According to a letter issued by Adetona Adedeji, the Acting Director of the CBN’s Banking Supervision Department, addressed to all banks, this adjustment mirrors the 45 percent Cash Reserve Ratio (CRR) of banks and forms part of broader efforts to invigorate lending activities within the real sector.


READ MORE: https://lekkibizchronicle.com/2024/04/18/cbn-cuts-loan-to-deposit-ratio-to-boost-lending/