Lexark
category icon

Central Bank of Nigeria

The Need for Banks to Build Adequate Loan Loss Reserve

Loading document viewer...
Author
Central Bank of Nigeria
Reference No.
BSD/DIR/GEN/LAB/08/052
Year
2015
Pages
1 page

The Central Bank of Nigeria directs all banks to immediately increase the general provision on performing loans to 2% during prudential credit portfolio reviews, aiming to establish adequate buffers against unexpected loan losses while preserving the application of relevant International Financial Reporting Standards.

Lexark

© 2026. All Rights Reserved

LinkedInFacebookX