ABUJA, May 5 (Reuters) - Nigerian mid-tier lender FCMB is
targeting a loan growth of 10% to 14% this year as the impact of
a new coronavirus pandemic leads to an increase in credit for
companies that can weather the crisis, the bank said on Tuesday.
The bank said it was restructuring half its loan portfolio
in line with regulatory forbearance granted by the central bank
and the accounting standards on the pandemic. The bank expects
to complete the restructuring within the next two weeks.