DBN Raises Loan Disbursement By 89%

DBN Raises Loan Disbursement By 89%

Development Bank of Nigeria Plc has witnessed a surge in the volume of loans disbursed by 89% from N101.5bn in 2019 to N191.7bn in 2020.

This growth is in line with its core mandate of facilitating sustainable socio-economic development by improving financial access for MSMEs in Nigeria, according to the Managing Director and Chief Executive Office, Mr. Tony Okpanachi.

He said the Bank recorded a growth of 4% in total assets from N474.7 billion in 2019 to N493.5 billion in 2020, while outstanding loans increased by 110% from N101.9bn in 2019 to close at N214.0bn in 2020.

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I Bello Babatunde Moshood, The CEO of Btbazes.com, I hail from osun state, I was bred in Oyo state I'm Living in Lagos presently, I graduate from university of uyo in 2016, I start my blogging career since 2013.
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About Btbazes 6765 Articles
I Bello Babatunde Moshood, The CEO of Btbazes.com, I hail from osun state, I was bred in Oyo state I'm Living in Lagos presently, I graduate from university of uyo in 2016, I start my blogging career since 2013.

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