The Central Bank of Nigeria says loans to banks under its Commercial Agriculture Credit Scheme stood at N6.4 trillion as at December 31, 2015.
The bank disclosed this in its 2015 Annual Financial Report posted on its Website.
It reported that the figure increased from N5 trillion in 2014.
According to the report, the apex bank’s net income grew to N123.07 billion in 2015 from N33.6 billion in 2014, representing a 266.3 per cent increase.
It said its interest income rose from N434.77 billion in 2014 to N567 billion in 2015, an increase of 30.4 per cent.
The apex bank said its operating expenses rose by 42.8 per cent from N433.14 billion in 2014 to N618.85 billion in 2015.
It said that the total assets of the bank as at December 31, 2015 stood at N15.5 trillion from N13.7 trillion in 2014.
The figure represents an increase of 12.5 per cent in the period under review.
Also, the liabilities rose by 12.9 per cent to N14.897 trillion in 2015 as against N13.192 trillion posted in 2014.
NAN.
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