This follows the successful implementation of the CRMS in deposit money banks across the country.
This disclosure is contained in a circular titled, ‘Credit Risk Management System: Commencement of Enrolment of all Development Finance Institutions, Microfinance Banks, Primary Mortgage Banks and Finance Companies, issued by the apex bank and signed by its Director, Financial Policy and Regulation Department, Kelvin Amugo, on April 8, 2021.
CBN in the circular noted that this policy is to help promote a safe and sound financial system in the country as well as prevent the bad debtors from undermining the banking system.
What the CBN is saying in the circular
Related Keywords
Nigeria , Abuja , Abuja Federal Capital Territory , Nigerian , Muhammadu Buhari , Partnership For Africa Development , Virtual Support Mission , President Muhammadu Buhari , African Peer Review Mechanism , African Peer Review , New Partnership , Economic Diversification , Human Rights , நைஜீரியா , கூட்டாட்சியின் மூலதனம் பிரதேசம் , நைஜீரியன் , மெய்நிகர் ஆதரவு பணி , புதியது கூட்டு , பொருளாதார பல்வகைப்படுத்தல் , மனிதன் உரிமைகள் ,
vimarsana.com © 2020. All Rights Reserved.