Tier-1 lender, Guaranty Trust Bank (GTBank) has disclosed the bank is committed to meeting the Loan-Deposit Ratio (LDR) policy recently introduced by the Central Bank of Nigeria (CBN).
Jerry Nnebue, Banking analyst, CardinalStone, in a report said the bank’s LDR is currently at 57.0percent, noting that the bank is on track to grow loans by about N40 – N50 billion to meet CBN’s 60.0percent LDR limit by the 30 September 2019 deadline.
On the mid-to-long term growth prospects, the bank noted that it is open to exploring inorganic growth avenues that may also include potential acquisitions outside of Nigeria
Commenting on the bank’s loan exposure, management noted that it is more concerned about its downstream exposures than it is on its upstream and midstream exposures.
“Specifically, downstream exposures now account for 9.0% and 59.0% of total oil and gas exposures and NPLs respectively,” the bank said.
OLUFIKAYO OWOEYE
