Moody's: Islamic banks' retail finance focus helps weather pandemic

  • 📰 staronline
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Moody's Investors Service said this was amid an uneven economic recovery across these regions.

Moody's Investors Service said on Monday this was amid an uneven economic recovery across these regions.

However, strong demand for Islamic finance, which is growing faster than conventional banking, will partially offset these strains.“Their liquidity is also strong, reflecting deposit growth as customers cut spending amid economic uncertainty. Central banks in most countries have relaxed reserve requirements and continue to provide banks with liquidity support,” it said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines