Lending Market Association prepares for lending conference in Nigeria

THE Ready Walk Association of Nigeria with key objective of improvement liquidity, efficiency And transparency In THE primary And secondary unionized ready markets In Europe, THE Medium East And Africa (EMEA), had concluded plans has run It is First of all Nigeria Loans Conference has Éko Hotel & Suites, Victoria Island, Lagos.

THE conference, supposed strictly For members, East program has socket on Wednesday, 24. THE agenda will blanket THE following the subjects: Economic Outlook; What is this following For Nigeria unionized ready market?;Case Study: Structuring Your Unionized Ready; Alternative Ready Strategies; Hot The subjects Fast Fire And Tackle NPL.

By establishment her, widely accepted walk practical, THE LMA look for has promote THE unionized ready as A of THE key debt some products available has borrowers through THE region.

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Information available on It is website noted that as THE authoritative voice of THE unionized ready walk In EMEA, THE association works with lenders, law businesses, borrowers And regulators has educate THE walk about THE benefits of THE unionized ready product, And has withdraw barriers has entrance For new participants.

From THE establishment of THE LMA In 1996, It is membership has grown up regularly And Currently stands has more that 850 organizations covering on 65 countries, including commercial And investment banks, institutional Investors, law businesses, service suppliers And rating agencies.

He works In five main areas : Documentation, walk practical And advice, ready the operations, education, And dialogue with legislators And regulators.

Regulatory changes often to have involuntary consequences, SO THE LMA has A vital role In mitigate any of them possible negative impacts on THE ready product, if in general, Or In relationship has specific sectors such as leveraged, real domain Or merchandise finances.

"While We to have do significant progress In addressing THE negative effects of regulation For OUR members, undoubtedly, changes In THE regulatory And general legislative landscape will continue, not less arising Since THE regulatory answer has COVID 19, as GOOD as potential opportunities has bring about positive change.

"Private finance has A critical role has play In catalytic THE transition has A sustainable global economy. HAS THE LMA, We are dedicated has promote growth And innovation In sustainable ready practices, And proof THE unionized ready walk as new sustainable finance regulation emerges. OUR in progress initiatives include: Documentation projects, including THE release of model provisions For linked to sustainable development the loans, together with work on THE preparation of A accompanying term leaf And A model mandate letter For sustainability coordinators; support THE development of walk practical, including THE publication of update variants of THE Green, Social And Related to sustainability Ready Principles And accompanying advice documents; answer has regulatory proposals In relationship has sustainable finance; And to assist And accommodation miscellaneous sustainable finance events, " he declared on It is website.

However, stakeholders believe that he East more and more become worrying that Nigerian big banks to have writing disabled bad loans with deficiencies, which laid naked THE susceptibility of lenders has unfavorable macroeconomic terms characterized by increase inflationary pressure And upper finance fresh.

But, spiral ready loss expenses which compensate for earnings Since net interest income are not deleterious has banks' down double (profit), THANKS has A huge stranger exchange revaluation loss.

Available data Data watch THE the biggest listed banks collectively incurred N1.16 thousand billion In deficiency charge For credit losses on loans In December 2023, which represented A 148.78 percent slight increase Since 2022 N466.78 billion.

A breakdown of industry The figures watch ready loss expenses were N275.21 billion In 2021; 2020, N254.30 billion; 2019, N85.16 billion; 2018, N134.04 billion; 2017, N389.92 billion, And 2016, N437.21 billion.

THE International Monetary Funds (IMF) has projected that Nigeria economic growth will decline Since 3.2 percent In 2023 has 3.0 percent In 2024.

In FEBRUARY 2024, Nigeria big title inflation rate pink has 31.70 percent, up Since 29.90 percent In January 2024, marking A increase of 1.80 percent.

There has has been pressure on companies WHO to have difficulties paid interest on loans that to have bloated due has pupil loan costs And THE banks bear THE the weight of This macroeconomic uncertainty.

Active qualities For a few banks to have deteriorated, but there East No cause For alarm Since THE central bank East positioning them has better resist macro....