Lagos - The assets and liabilities of commercial banks grew to N23.3 trillion in the third quarter of 2013.
This represents about 3.4 per cent growth compared to the figure of the previous quarter, reports the Nation.
According to the Central Bank Nigeria’s Economic Report for the quarter, total specified liquid assets of banks stood at N5 992.8 billion, representing 37.7 per cent of their total current liabilities.
The report also revealed that while CBN’s credit to the banks rose by 1.5 per cent to N233.4 billion, banks’ credit to the domestic economy declined by 5.8 per cent to N11.2 trillion.
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