Managing Director/Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan, has advised financial institutions in the country to be vigilant and improve the monitoring of their customers’ loans in order to prevent the build-up of non-performing loans (NPLs) in the industry as a result of the macroeconomic challenges. Speaking in an exclusive interview with THISDAY, Adeduntan also urged businesses and their bankers to approach the new year in a collaborative relationship in order to overcome anticipated headwinds in the economy. Adeduntan explained, “To prevent rising NPLs, businesses and their bankers will…
Read MoreADEDUNTAN URGES BANKS TO IMPROVE LOAN MONITORING TO PREVENT NPLS’ BUILD-UP
