Nigeria

Bank Credit

59.1
as percent of bank deposits
Source: IMF

Global Ranking

129
Hong Kong61.28
131
Laos60.78
132
Cape Verde60.71
134
Nigeria59.1
135
Argentina58.58
137
Belgium57.45
138
Moldova56.85
139
Lesotho56.84

Africa Ranking

27
Mauritius67.5
28
Uganda66.66
29
Comoros65.36
30
Ethiopia63.43
31
Cape Verde60.71
32
Nigeria59.1
33
Lesotho56.84
34
Burundi55.88
35
Algeria54.08
36
Malawi52.16
37
Guinea50.2

News

Definition of Bank Credit

The financial resources provided to the private sector by domestic money banks as a share of total deposits. Domestic money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Total deposits include demand, time and saving deposits in deposit money banks.

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