Banks asset growth slows on lower deposit mobilisation

Banks asset growth slows on lower deposit mobilisation

The reduction in deposits as a result of increased customer interest in Treasury Bills (T-Bills) has hindered lenders from creating risk assets. Hitherto, lenders in Africa’s largest economy were growing assets even at the depth of economic recession, thanks to the partial devaluation of the currency that saw increase in dollar denominated assets. The cumulative…

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