Banks lend N21.4tn to customers in six months

30 November 2015, Abuja – The net domestic credit of the banking system to the economy grew by 11.1 per cent to N21.4tn at the end of the first half of this year, according to statistics obtained from the Central Bank of Nigeria.

*Central Bank of Nigeria, CBN.

*Central Bank of Nigeria, Abuja.

The figure, which is contained in the financial stability report for the first half of this year, represents a decline when compared with the growth of 32.6 per cent and 14.8 per cent at the end of the preceding and corresponding period of 2014.

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