Financial Highlights and Growth Trends
Operating Environment
Regulatory Policy
Changes
The Central Bank of Nigeria introduced further
tightening measures by imposing a 50% CRR on public
sector deposits
Introduction of tiered KYC to drive the financial
inclusion initiative
Review of bank charges resulting in the pegging of
savings interest rate at 30% of MPR, phased removal of
commission on turnover (COT), among others
Extension of the cash-lite policy to Abuja and five other
states - Abia, Anambra, Kano, Ogun, Rivers
Interest rates remained largely stable despite significant
reduction in FAAC, as maturing bills boosted financial
system liquidity
Interbank Rates
14.0%
12.0%
10.0%
8.0%
6.0%
10-Year FGN Bond Yield
16.00
12.00
8.00
4.0%
2.0%
4.00
0.0%
JAN
FEB
MAR
APR
MAY
JUN
0.00
2-Jan
2-Feb
2-Mar
2-Apr
2-May
2-Jun
OBB O/N CALL
Sources: FDHL
Sterling Bank
The one-customer bank.View entire presentation