Why banks don’t give long term loans- Fidelity Bank MD

Why banks don’t give long term loans- Fidelity Bank MD

The inability of commercial banks to give long-term credit facilities is due to the non-availability of long-term-deposits by Nigerians, a financial expert, Mr Nnamdi Okonkwo has said. Okonkwo, also the Managing Director, Fidelity Bank Plc, made the remark at a conference organised by the Finance Correspondents Association of Nigeria (FICAN) in Lagos. The theme of […]

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Source: Why banks don’t give long term loans- Fidelity Bank MD

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post culled from nigerianpilot.com