DBN increases loan portfolio to N215bn
The Development Bank of Nigeria (DBN) has increased its loan portfolio to N215.1 billion.
DBN’s Managing Director, Mr. Tony Opkanachi, who provided the loan portfolio data in a statement, stated: “Notably, the Bank maintains a BASEL II capital ratio of 75.2 percent, several multiples of the minimum 10 percent regulatory requirements.
“During the review period, the liquidity ratio hovered around 84 percent compared to the 10 percent regulatory requirement, which by the implication is an indication of DBN’s capacity to sustain the pursuit of deepening credit penetration amongst MSMEs.
“The strong financial metrics complemented by impeccable governance standards reinforce Agusto’s decision to assign “AAA” on DBN, with a stable outlook.”
He promised to uphold good standards in risk management and governance practices, in order to sustain the ratings, considered as pertinent to DBN’s medium to long-term objectives, as it executes its unique strategies for unlocking credit for MSMEs.
