Nigeria’s Guaranty Trust Bank expects to grow its loan book by 10 per cent by the end of the year after credit declined in the first half, it said last week.
Loans fell by 11 per cent in the six months to June following a 9 per cent decline last year, the bank said in a call with analysts. Chief Executive Segun Agbaje said the bank would take $700 million to $800 million out of its placements with foreign banks and deploy that into loans.
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