CBN Releases Exposure Draft On The Prudential Guidelines For Microfinance Banks

Tuesday, August 27,  2019 / 05:55PM /CBN

The Central Bank of Nigeria (CBN}, in June 2010, issued the revised Prudential Guidelines to deposit money banks in Nigeria as part of its efforts at enhancing the quality of banks' assets. The need for sector-specific Guidelines has become apparent given developments which had specific impact on different classes of financial institutions over the years.

Accordingly, the CBN hereby issues for observations and comments, the attached draft Prudential Guidelines for Microfinance Banks. The Guidelines may be downloaded from the CBN website, www.cbn.gov.ng.

We would be pleased to receive your comments by Friday, September 20, 2019. Soft copies of your presentation may be forwarded to pgofis@cbn.gov.ng.

Download Full PDF Report Here

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