CBN Issues Operational Guidelines On GSI to Facilitate Improved Credit Repayment Culture

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Tuesday, July 14, 2020   /10:16 PM / by CBN / Header Image Credit: EcoGraphics


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The Bankers' Committee at its meeting of February 18, 2020 approved the Go-Live on the Global Standing Instruction (GSI), which is aimed at:

i. Facilitating an improved credit repayment culture;

ii. Reducing Non-Performing Loans in the Nigerian Banking System; and

iii. Watch-listing consistent loan defaulters.

 

The Central Bank of Nigeria in collaboration with stakeholders has developed the necessary protocols to facilitate a seamless implementation of the GSI process, including eligible loans granted from August 28, 2019.

 

Accordingly, the following Guidelines to regulate the operations of the Global Standing Instruction is hereby issued for implementation by all banks and other financial institutions with effect from August 1, 2020.

 

Download Here - Operational Guidelines on Global Standard Instruction (GSI)

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Download Here - Executive Summary: NPLs & Bank Debtors - The Case for a New Industry Approach   


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Download Here -  NPLs & Bad Debtors: - The Case for a New Industry Approach Debtors Africa, May 13, 2020 


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Related Links - Download PDFs

1.      Operational Guidelines on Global Standard Instruction (GSI) - CBN, Jul 15, 2020

2.      Executive Summary: NPLs & Bank Debtors - The Case for a New Industry Approach - May 14, 2020

3.     (PDF) NPLs & Bad Debtors: - The Case for a New Industry Approach - Debtors Africa, May 13, 2020

4.     AMCON and Financial Services Debt Burden in Nigeria - Aug 17, 2018

5.     (PDF) - Coronanomics and the Nigerian Economy - Jun 06, 2020 

 

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Related News

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