{"id":6669,"date":"2017-10-19T06:28:41","date_gmt":"2017-10-19T06:28:41","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/credit-availability-rises-in-q317-cbn\/"},"modified":"2017-10-19T06:28:41","modified_gmt":"2017-10-19T06:28:41","slug":"credit-availability-rises-in-q317-cbn","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/credit-availability-rises-in-q317-cbn\/","title":{"rendered":"Credit availability rises in Q3\u201917 \u2014 CBN"},"content":{"rendered":"<p>\n<\/p>\n<div itemprop=\"description\" readability=\"83\">\n<p>By Adaeze Okechukwu<\/p>\n<p><strong>T<\/strong><strong>HE<\/strong> Central Bank of Nigeria, CBN, has disclosed that the availability of credit to the corporate and households sectors increased during the third quarter (Q3) of 2017, while projecting further increase in the last quarter of the year (Q4).<\/p>\n<p><!-- between content ad --><\/p>\n<figure id=\"attachment_644381\" style=\"width: 412px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4.jpg?resize=412%2C250&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/www.vanguardngr.com\/wp-content\/plugins\/lazy-load\/images\/1x1.trans.gif?ssl=1\" class=\"wp-image-644381 size-full\" alt=\"\" width=\"412\" height=\"250\" srcset=\"https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4.jpg 412w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-300x182.jpg 300w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-58x35.jpg 58w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-260x158.jpg 260w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-200x121.jpg 200w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-644381 size-full\" src=\"https:\/\/i0.wp.com\/cdn.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4.jpg?resize=412%2C250&#038;ssl=1\" alt=\"\" width=\"412\" height=\"250\" srcset=\"https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4.jpg 412w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-300x182.jpg 300w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-58x35.jpg 58w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-260x158.jpg 260w, https:\/\/www.vanguardngr.com\/wp-content\/uploads\/2016\/05\/Godwin-Emefiele4-200x121.jpg 200w\" sizes=\"auto, (max-width: 412px) 100vw, 412px\"\/><\/noscript><figcaption class=\"wp-caption-text\">Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele<\/figcaption><\/figure>\n<p>Though the apex bank did not give figures on bank credits during the period in a survey report titled, \u201cCredit Conditions Survey Report\u201d, it said that the Q3\u201817 credit condition survey of households, small businesses and corporate entities indicated increases in the availability of secured, unsecured and corporate credit. It also said that spreads on overall secured and corporate lending to household widened during the period.<\/p>\n<p>The report stated: \u201cLenders reported that household demand for total unsecured lending increased in the current quarter, and was also expected to increase in the next quarter.<\/p>\n<p><strong>Availability of credit<\/strong><\/p>\n<p>\u201cDemand for corporate lending increased across all firm sizes in the review quarter, except demand for credit card from small businesses and lending from other financial corporation\u2019s (OFCs).\u201d<\/p>\n<p>CBN noted that some of the factors that drove the overall increase in the availability of credit to the corporate sector were brighter economic outlook, changing sector specific risk, increased appetite for risk, tight wholesale <a href=\"https:\/\/amazingproperty.com.ng\/blog\/get-quick-loan-for-real-estate-investment\/\">funding<\/a> conditions and favourable liquidity conditions.<\/p>\n<p>The survey further stated: \u201cLenders reported that the prevailing <a href=\"https:\/\/amazingproperty.com.ng\/blog\/nigeria-property-center\/\">commercial property<\/a> prices negatively influenced credit availability of the commercial <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">real estate<\/a> sector in the current and next quarters. Similarly, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">lenders<\/a> expect the prevailing commercial property prices to positively influence secured lending to Public Non-Financial Corporations (NPFCs) in the current quarter.<\/p>\n<p>\u201cFurthermore, demand for corporate lending from small businesses, medium and large PNFCs increased in the current quarter, and were also expected to increase in the next quarter. Demand for overdrafts\/personal <a href=\"https:\/\/amazingproperty.com.ng\/blog\/fast-flexible-real-estate-loans-usa\/\">loans<\/a> in Q3 2017 was higher in comparison with other loan types. The most significant factors that influenced demand for lending in the review quarter were the increase in inventory finance and capital investment, and they were expected to remain the main drivers in the next quarter.\u201d<\/p>\n<p>Concerning the household sector, the report revealed that lenders reported an increase in the availability of secured credit to households.<\/p>\n<p>The lenders also noted that the availability of secured credit was also expected to increase in the next quarter with favourable liquidity positions as a major contributory factor.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><a hre=\"https:\/\/www.vanguardngr.com\/2017\/10\/credit-availability-rises-q317-cbn\/\"> Vanguard <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Adaeze Okechukwu THE Central Bank of Nigeria, CBN, has disclosed that the availability of credit &hellip; <a title=\"Credit availability rises in Q3\u201917 \u2014 CBN\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/credit-availability-rises-in-q317-cbn\/\"><span class=\"screen-reader-text\">Credit availability rises in Q3\u201917 \u2014 CBN<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1009,1335,1330,617,604,522,15272,41,254,84,857,15282],"class_list":["post-6669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-commercial-real-estate","tag-credit","tag-financial","tag-house","tag-loans","tag-nigeria","tag-outlook","tag-property","tag-property-prices","tag-real-estate","tag-real-estate-sector","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/Godwin-Emefiele4.jpg?fit=412%2C250&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8323,"url":"https:\/\/amazingproperty.com.ng\/blog\/valuation-jobs-up-for-grab-as-cbn-okays-new-mortgage-standards\/","url_meta":{"origin":6669,"position":0},"title":"Valuation jobs up for grab as CBN okays new mortgage standards","author":"Amazing Property","date":"February 19, 2018","format":false,"excerpt":"L-R:Director, Special Insured Institutions Department, Nigerian Deposit Insurance Corporation (NDIC), Mr. Etopidiok Joshua James; Director,Other Financial Institution Supervision Department, Mrs. Agnes Olatokunbo Martins; and Head, Nigeria Housing Finance Program\/ Deputy Director, Central Bank of Nigeria (CBN), Mr. Adedeji Jones Adesenoye, at the workshop on Nigerian housing finance programme in Lagos\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgages.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgages.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgages.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgages.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Mortgages.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5140,"url":"https:\/\/amazingproperty.com.ng\/blog\/divergent-outlook-over-inflation-in-q3\/","url_meta":{"origin":6669,"position":1},"title":"Divergent outlook over inflation in Q3","author":"Amazing Property","date":"July 3, 2017","format":false,"excerpt":"[ad_1] By Babajide Komolafe BUSINESSES and consumers have differed in the expectations of the direction of the inflation rate in the third quarter of the year. Meanwhile there was consensus of optimism about further naira appreciation and improved macro-economic performance in the third quarter. These were highlights of the Business\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/inflation.jpg?fit=400%2C270&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5434,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-resolve-fiscal-policy-impact-on-construction-sector\/","url_meta":{"origin":6669,"position":2},"title":"How to resolve fiscal policy impact on construction sector","author":"Amazing Property","date":"July 24, 2017","format":false,"excerpt":"Chairman, Nigerian Institute of Quantity Surveyors (NIQS), Lagos Chapter, Mr. Bamidele Mafimidiwo (left); Director, Property Development, UPDC Limited, Mr. Yemi Ejidiran; NIQS Deputy President, Mr. Obafemi Onashile; an economist and keynote speaker, Mr. Henry Boyo; Commonwealth Association of Surveying and Land Economy (CASLE) president, Mr. Olusegun Ajanlekoko and President, Nigerian\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NIQS-24-07-2017.jpg?fit=1200%2C695&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NIQS-24-07-2017.jpg?fit=1200%2C695&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NIQS-24-07-2017.jpg?fit=1200%2C695&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NIQS-24-07-2017.jpg?fit=1200%2C695&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/NIQS-24-07-2017.jpg?fit=1200%2C695&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7682,"url":"https:\/\/amazingproperty.com.ng\/blog\/nigerias-economic-expansion-persist-rapidly-in-december-cbn\/","url_meta":{"origin":6669,"position":3},"title":"Nigeria\u2019s economic expansion persist  rapidly in December \u2014 CBN","author":"Amazing Property","date":"January 4, 2018","format":false,"excerpt":"By Babajide Komolafe & Elizebeth Adegbesan The Central Bank of Nigeria, CBN yesterday released its Purchasing Managers Index (PMI) survey for December which indicated continuous rapid expansion of economic activities during the month. CBN Governor, Mr Godwin EmefieleThe report showed that the Manufacturing PMI and Non-Manufacturing PMI rose to the\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Emefiele Cbn.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/emefiele-CBN.jpg?fit=412%2C250&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7215,"url":"https:\/\/amazingproperty.com.ng\/blog\/dickson-cbn-others-laud-mosilo-bayelsa-rice-outgrowers-scheme\/","url_meta":{"origin":6669,"position":4},"title":"Dickson, CBN, others laud Mosilo Bayelsa Rice Outgrowers Scheme","author":"Amazing Property","date":"November 25, 2017","format":false,"excerpt":"Bayelsa State governor, Seriake Dickson has commended the Chairman of Mosilo Group, Mr. Moses Siasia for initiating the Mosilo Bayelsa Rice Outgrowers Scheme, stressing that it will\u00a0 create jobs and make the state a major player in the rice farming and processing industry. The scheme, expected to create jobs for\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Dickson Laud.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/dickson-laud.jpg?fit=412%2C274&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5991,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-finance-fg-launches-easy-affordable-scheme\/","url_meta":{"origin":6669,"position":5},"title":"Housing finance: FG launches easy, affordable scheme","author":"Amazing Property","date":"August 29, 2017","format":false,"excerpt":"\u2026Says scheme to strengthen housing sector By Kingsley Adegboye & Ebi Asingba DETERMINED to make housing finance easy and affordable, the Federal Government has initiated Nigeria Housing Fund Programme, NHFP, which is under the Social Investment Fund of the Federal Government in which N100 billion has been set aside for\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"estate-12.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/estate-12.jpg?fit=412%2C202&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=6669"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6670"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}