October 3, 2019 / 2:07 PM / 2 months ago

Nigeria's FCMB charged $46 mln for failing to meet loan requirement

LAGOS, Oct 3 (Reuters) - Nigeria’s FCMB said on Thursday it was charged 14 billion naira ($46 million) for failing to meet the central bank’s minimum loan-to-deposit ratio requirement by a September deadline, the lender told Reuters on Thursday.

The mid-tier bank’s spokesman said the bank had reported loan growth in September and it expected to keep the momentum with a focus on asset quality.

Reporting by Chijioke Ohuocha; Editing by Edmund Blair

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below