Naira devaluation boosts loan growth for tier one lenders

by | March 20, 2017 6:49 pm

Tier 1 lenders in Africa’s most populous nation saw loan growth in 2016 largely from the effects of devaluation of the domestic currency the naira even as they tightened lending standards as a result of the economic downturn. Zenith Bank, GTBank and Access Bank (the only names to have released Full Year 2016 results) recorded…

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