All You Need to Know about Loan to Deposit Ratio of the CBN Aimed at Banks to Lend More Money to Customers
The CBN on July 3, 2019 passed a circular to the commercial banks to mandating them to maintain a Loan to Deposit Ratio (LDR) of 60% by September 30, 2019. Failure to do so will attract an additional Cash Reserve Requirement equal to 50% of the lending shortfall of the target LDR.