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Banking industry report shows mixed development
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• Capital adequacy declines, bad loans increases
• CBN chiefs say all is well with slight warnings
By Emeka Anaeto, Business Editor
The Central Bank of Nigeria, CBN, staff report has indicated that the banking industry ended 2020 in a mixed performance. But members of the apex bank’s Monetary Policy Committee, MPC, its highest policy body, have indicated that the industry remained resilient and sound despite some negative impacts of the COVID-19 pandemic during the year.
The report indicated that the banking industry liquidity ratio improved markedly between October and December 2020 from 35.6 per cent to 44.5 per cent.
Banking industry report shows mixed development today.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from today.ng Daily Mail and Mail on Sunday newspapers.
Monthly Economic Highlights – November 2020
02/17/2021 | 05:11am EDT
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Message : Acronyms: CPI bn Notes: 1. Since May of 1976, the Belize dollar has been fixed to the US dollar at the rate of US$1.00 = BZ$2.00. revised. charts. ii Central Bank of Belize Table of Contents Table A.2: Net Foreign Assets of the Banking System 18 Table A.3: Net Domestic Credit 19 Table A.4: Sectoral Composition of Domestic Banks Loans and Advances 20 Table A.5: Sectoral Composition of Credit Unions Loans and Advances 21 Table A.6: Domestic Banks Liquidity Position and Cash Reserves 22 Table A.7: Domestic Banks Weighted Average Interest Rates 22 Table A.8: Domestic Banks (Rolling) Weighted Average Interest Rates 23 on New Loans and Deposits
BB brings changes in MPS for FY21
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DHAKA, Feb 3, 2021 (BSS) – Bangladesh Bank (BB) has brought some changes in money and credit line of its Monetary Policy Statement (MPS) for the fiscal 2020-21, taking into account the money market and the overall macroeconomic situation.
The decisions were taken at the 50th meeting of the Monetary Policy Committee (MPC) held at the Bangladesh Bank (BB) headquarters in the city on Sunday with BB Governor Fazle Kabir in the chair, said a press release today.
As per the press release, the central bank has already brought down its GDP growth projection to 7.40 per cent from its earlier projection of 8.20 per cent for the FY’21 mainly due to the ongoing Covid-19 pandemic.