CBN plans to strengthen risk management in OFIs

      The Central Bank of Nigeria (CBN) has taken moves to strengthen risk management in the financial services subsector categorized as Other Financial Institutions (OFIs), mainly mortgage banks, Finance Houses and micro-finance banks.   The move is aimed at taking holistic action against chronic debtors in the subsector.   The apex bank said that the move against bad debtors has equally prompted the need to extend its Credit Risk Management System (CRMS) to the OFIs in the country, after a successful implementation of the CRMS in the mainstream money banks.   This measure is contained in acircular titled,

By |April 19th, 2021|Categories: News|Tags: |0 Comments
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