
To expedite the LDR, new digital banks and progressive lending institutions in emerging economies are looking at using technology to expedite the process. (Image source: Pexels/Pixabay)
The Central Bank of Nigeria (CBN) has increased the minimum loan-to-deposit ratio (LDR) of commercial banks from 60 per cent to 65 per cent in the latter part of 2019, which, according to Bloomberg, was aimed at forcing banks to boost credit, mainly to farmers, small-and-medium-size businesses and consumers