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CBN Debits Banks N8.3 Trillion As CRR In 2020 - Investment - Nairaland

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How CBN’S Frequent Debits Of Banks Over CRR/LDR Affects You / CBN Debits Access Bank, Gtbank And Others ₦216.1 Billion For CRR Compliance / CBN Raises Banks' CRR To 27.5% (2) (3) (4)

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CBN Debits Banks N8.3 Trillion As CRR In 2020 by NairametricsFin: 4:57pm On Apr 12, 2021
Commercial banks in Nigeria suffered CRR debits of N8.3 trillion in the financial year ended December 2020. This represents a 59% increase from the N5.2 trillion debited in 2019.
Nairametrics confirmed this data from the financial statements of all commercial banks listed on the Nigerian Stock Exchange and excludes banks not listed, suggesting the amount could be closer to N9 trillion. Nigeria’s largest banks “FUGAZ” suffered the most debits with about N5.9 trillion in debits in 2020, over 70% of the total debits. Except for Unity Bank, all the banks have released their full-year earnings for 2020.

https://nairametrics.com/2021/04/12/cbn-debits-banks-n8-3-trillion-as-crr-in-2020/

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