February 26, 2020 / 2:22 PM / 3 months ago

Nigeria's Zenith Bank to slow loan growth this year

ABUJA, Feb 26 (Reuters) - Nigeria’s Zenith Bank plans to slow loan growth this year after extending credit aggressively to businesses last year, partly to comply with a central bank minimum loan-to-deposit ratio, the top-tier lender said on Wednesday.

Zenith Bank said loans will grow by 2% in 2020 after a 22% expansion last year. (Reporting by Chijioke Ohuocha; Editing by Jan Harvey)

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