However, it said that operating conditions for banks will weaken in 2023 due to high inflation, rising interest rates and US dollar shortages, in addition to continued regulatory intervention and the potential for disruption caused by the general election in February.
“We expect impaired loan ratios to increase moderately as borrowers contend with the challenging macro conditions”.
NigeriaDNA is a Direct News source that delivers the latest news, buzz, and stories from some of Nigeria’s most popular and trusted news websites. NigeriaDNA facilitates this by publishing headlines linking to breaking news and curated snippets from a diverse range of Nigerian credible, independent, and public-interest news sources. Our editors make it easy for Nigerians abroad and diaspora to discover top news stories in real-time as they're posted and directly linked to Nigeria's authoritative News Sources.
© 2024 All Rights Reserved | Curated and Powered by Nigeria DNA
