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Nairaland Forum / Nairaland / General / Business / CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers (36309 Views)
12 Banks To Pay N499b CBN Fine For Loan Policy Breach / American ATM Dispenses 100$ To Customers Instead Of 20$ / MTN Nigeria Signs N200bn Loan Agreement With 12 Banks (2) (3) (4)
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Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by optimus106(m): 6:00am On Oct 04, 2019 |
Customers, get ready to get debit alert very soon...
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Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Macdove02(m): 6:03am On Oct 04, 2019 |
omonla10:You can try specta by sterling. They offer up to 2m Naira business loan to even non sterling customers. 2 Likes |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by lolaben(m): 6:10am On Oct 04, 2019 |
[quote author=TwoBottles post=82817773]Why is Ecobank not on the list??[/quote Ecobank is steadily giving out loans. 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by anonimi: 6:13am On Oct 04, 2019 |
omonla10: And the people of America understand that they are the employers of their public servants, so that they remain vigilant under constant scrutiny. ![]() 1 Like |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by akan102: 6:19am On Oct 04, 2019 |
What are their requirements ezewealth: |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by fishbone11(m): 6:21am On Oct 04, 2019 |
God punish GTBank & First bank. Imagine I have been banking with them for a long time now and money flowing through my account and yet they can't grant me Loan for my business. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Gazzy88(m): 6:22am On Oct 04, 2019 |
agarawu23:Their loan is cool. Interest rates very favorable. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by fishbone11(m): 6:26am On Oct 04, 2019 |
Macdove02:You are correct, Sterling Bank I don't have account with want to offer me loan of #2m through Specta for business while my useless Bank GTbank that I have done business over #20m in 6month say I'm only eligible for #127,500m. Laugh wan kill me |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by dazzlingd(m): 6:28am On Oct 04, 2019 |
JubrinElSudan:The hypocrisy of CBN stinks, all to look good in the eye of the public..... |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Nobody: 6:33am On Oct 04, 2019 |
Yes. Thank God Firstbank is there. Useless bajk. Others been giving out loans this useless bank just kept mute all along. I hate them |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by omonla10(m): 6:39am On Oct 04, 2019 |
businessnow:I use personal account for my business dealing. Once I mentioned loan to my account officer, she said I should open salary account. She couldn't even allow me utter another word. She just face her computer. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by omonla10(m): 6:40am On Oct 04, 2019 |
leo1234:they said I should open salary account o.. I shock.. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by sapientia(m): 6:43am On Oct 04, 2019 |
The ones they gave have not been paid. You want to force them to give more. Its the bank workers that will bear the blunt. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Caseless: 6:46am On Oct 04, 2019 |
liohan:lend money to people who do all sorts? If what you are asking for UN-islamic, they don't support that. 1 Like 1 Share |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Nobody: 6:49am On Oct 04, 2019 |
AntiBrutus:if u try bank loan once seriously u won't dare near it again in ur life. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Difrent: 6:53am On Oct 04, 2019 |
geesilver: That's why Zenith is among the banks that were fined ,the CBN has directed them to give loan to the real sector players like you to expand their businesses but they refused and instead give to salary earners only, this fine will teach them a lesson, kindly reapply for the loan you will likely get it this time |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by mrbigseun(m): 6:55am On Oct 04, 2019 |
Nigerians are mostly not credit worthy. until the government do something about people who take loans from banks and not paying back,these banks won't have the confidence to give out loan. If we want our economy to grow.there should be a rule to protect bank from defaulters why do we have BVN let's just do something. alot of mfb have folded up if the banks are sure of the government backing just like in other countries we will get loans at very cheap rate and starts up will be able to access loan.konibaje baby ��� |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Commentor: 7:02am On Oct 04, 2019 |
Naughtysite: I should impart knowledge into a brain like yours that isn't fully fit for application right? Go and read a book. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by whizbee(m): 7:02am On Oct 04, 2019 |
docadams: Jesus is Lord..haaa |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Unibenfucker(m): 7:31am On Oct 04, 2019 |
oshiiteoku: How does the payday loan work |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by GloShare(m): 7:56am On Oct 04, 2019 |
9jaRealist: Yeah, but they lend out to Innoson and Dangote, tremendous amounts, even when an SME trader needs chunks. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by 9jaRealist: 8:01am On Oct 04, 2019 |
GloShare: Because the banks believe these big companies are more likely to repay or they can seize their plants/assets upon default... > |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by boban007: 8:03am On Oct 04, 2019 |
PlanBIncome:JUST GO STERLING BANK AND THANK ME LATER. ASK OF SPECTA LOAN , U DON'T HAVE TO HAVE AN ACCOUNT WITH THEM, AND IT DOESN'T MATTER IF U'RE SALARY EARNER OR SELF EMPLOYED . U GET UR LOAN IN LESS THAN 10 MINUTES, WITHOUT COLLATERAL. U CAN EVEN ACCESS IT ONLINE. IT'S THE EASIEST, THE BEST AND FASTEST. I THINK INTEREST RATE IS AROUND 2.5% PAYABLE OVER A PERIOD OF 12 MONTHS. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by boban007: 8:07am On Oct 04, 2019 |
PlanBIncome:JUST GO STERLING BANK AND THANK ME LATER. ASK OF SPECTA LOAN , U DON'T NEED TO HAVE AN ACCOUNT WITH THEM, AND IT DOESN'T MATTER IF U'RE SALARY EARNER OR SELF EMPLOYED , AS LONG AS U HAVE AN EXISTING ACCOUNT, THAT'S UP TO A YEAR IN ANY BANK . U GET UR LOAN IN LESS THAN 10 MINUTES, WITHOUT COLLATERAL. U CAN EVEN ACCESS IT ONLINE. IT'S THE EASIEST, THE BEST AND FASTEST. I THINK INTEREST RATE IS AROUND 2.5% PAYABLE OVER A PERIOD OF 12 MONTHS. U CAN CALL CUSTOMER CARE , FOR MORE INFORMATION. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by udumosam23(m): 8:12am On Oct 04, 2019 |
ehissi: Chai, why you wicked like this? |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by brownlord: 8:14am On Oct 04, 2019 |
omonla10: Please I like to talk to you privately on how to use GTB to pay duty. PM |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by EtovalRealEst: 8:28am On Oct 04, 2019 |
I suspect it is the security requirements that is preventing banks from given loan,they do ask for landed properties with C of O..... The one taking risk to give do give at a ridiculous high interest rate or to salary account not to SME so the challenge her is the security. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by deenee: 8:36am On Oct 04, 2019 |
First and foremost most the 500billion is not a fine. It is a CRR levy that the CBN takes from the total deposits of banks and keeps in a non interest bearing account. Speaking to the crux of the matter, I think the CBN needs to play its role as the apex regulator in a manner that is unbiased. You ask banks to loan money yet you refuse create an enabling environment for recovery and collections. Most nigerians are not credit worthy both at personal and business levels. It is common practice for people to borrow money in bank A and then move straight to bank B and start running another account. Banks sponsored the BVN initiative with the intent that it can be used to monitor transactions of people who like diverting loans and ultimately use that to bring them to justice. But alas to get CBN approval for banks to share loan transaction details on an open platform online real time is like trying to squeeze water out of a rock. Another school of thought is that banks are making some much money and there is no correlation between these profits and state of the economy. Another school of thought connotes that this might just be another way through which the CBN being banker to the FGN is using to raise free cash for the government at zero rates. After all it is not like the half a trillion will be disbursed as loans so my question what will cbn do with it? Let's watch what will happen to money market rates in the coming weeks. 3 Likes 1 Share |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Solsix(m): 8:38am On Oct 04, 2019 |
docadams:Which business will survive that kind of interest |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by Focusmind: 8:45am On Oct 04, 2019 |
Giving out loan is a very sensitive transaction and care need to be exercised - Nigerians are known to default when it comes to repayment even when they have the means to repay. Even giving your friend money for him to repay back is a problem even when he has the capacity - He would just be posting you till you forget about the whole thing. I am living witness. I worked in the system for more than 10 years and can confidently say that Nigerian businesses have the highest rate of loan default - most are willful default. Not that the borrower does not have money to repay, but will deliberately refused repayment. This has led to many account officers being fired by their respective banks. I agree that money should be advanced to entrepreneurs, but note that some of these "wanna be entrepreneurs" do not have marketable business proposal with capacity to repay the loan. Finally, Nigerian business environment is so toxic - you don't know what would happen to your investment in the next minute. These makes most bank to hold on with giving out loan any how. The case of Diamond bank is still fresh in our mind. Delinquent loan killed that bank. 2 Likes 1 Share |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by ibechris(m): 8:51am On Oct 04, 2019 |
chrisav: U might be right if u are talking about a senseless business man. |
Re: CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers by somehow: 8:54am On Oct 04, 2019 |
Macdove02: They won't pay the money to any existing account except its a current account or they will open a current account for you which you must go to a branch to complete before you can access the loan therein |
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