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Soult Ukpyolsi , South Korea , Cholla Bukto , Korea Sangam , General Commerce , தெற்கு கொரியா , ஜநரல் வர்த்தகம் ,

Nigerian Financial Institution Remains Resilient


The Nigerian banking sector dynamics continued to change in 2020. By the National Bureau of Statistics (NBS) estimates, the financial services sector came through as one of the best performing sectors in the economy despite the recession.
The sector printed a 6.89% growth in Q3-2020 (Vs. -3.1% expansion for the broader economy). Notably, total assets for banks saw double-digit growth, thanks to the massive expansion in cash & cash equivalents, amid increased system liquidity and exchange rate devaluation.
Industry NPLs sustained a downtrend so far in 2020
Banking Remains Resilient Brandspurng
Sources: CBN, NBS, United Capital Research
With pressure from the CBN on banks to lend, Nigerian banks expanded their loan books by a massive N4.0trn while interest rates on lending and deposits fell to record levels. ....

United Capital Research , National Bureau Of Statistics , National Bureau , United Capital , General Commerce , ஒன்றுபட்டது மூலதனம் ஆராய்ச்சி , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , தேசிய பணியகம் , ஒன்றுபட்டது மூலதனம் , ஜநரல் வர்த்தகம் ,