
Central Bank of Nigeria
The Need for Banks to Build Adequate Loan Loss Reserve
- 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.