Emefiele: The capital adequacy ratio for banks is 15.5%

The nation's banks ' Capital Adequacy Ratio(CAR) increased from 10.2 percent in December 2017 to 15.5 percent in September 2019, Godwin Emefiele, CBN governor, said. The CBN Governor, who announced this at the 54th Annual Bankers Dinner held in Lagos, also said yesterday that the percentage of non-performing loans in the banking sector decreased from its peak of 14.7 percent in January 2017 to below seven percent as of October 2019.