industry total assets grew by 22.07% to N65tr in June – CBN

The Central Bank of Nigeria says that the banking industry total assets grew by 22.07% to N65 trillion in June of 2022.

This was made known in a disclosure by the Deputy Governor, Financial System Stability Directorate of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad and the Deputy Governor, Economic Policy Directorate, CBN, Dr. Kingsley Obiora,

In their personal statements during the last Monetary Policy Committee (MPC) meeting held in July, that the banking system remains resilient, the duo stated that the industry’s total assets grew from N53.64 trillion in May 2021.

In her contribution, Ahmad revealed that the total customer deposits in banks grew to N42.03 trillion in the same year under review.

She added that  “Key industry aggregates also continued their year-on-year upward trajectory with total assets rising to N65.48 trillion in June 2022 from N53.64 trillion in June 2021, while total deposits rose to N42.03 trillion from N33.85 trillion over the same period.”