BANKS will tighten lending criteria in the fourth quarter (Q4’18) following increased lending activities in the third quarter (Q3’18) driven by pursuit of market share objectives and improved economic conditions. The Central Bank of Nigeria, CBN, disclosed this in its Credit Conditions survey for the Q3’18 released on Friday. Among other things the report revealed that banks will tighten credit scoring criteria for secured household loans, demand stronger loan covenants and increase collateral requirements for corporate loans in the Q4’18. Read more:
Category: Market News
