Article | May 10, 2013 – 3:08pm

CBN develops template on NSBP for banks

The Central Bank of Nigeria (CBN) has developed a Draft Reporting Template on Nigeria Sustainable Banking Principle (NSBP) for banks, discount houses and other financial institutions.

The apex bank disclosed this on its Website and added that the draft template was in furtherance of the implementation of the NSBP.

 The CBN said this in a circular titled “Exposure Draft of the Reporting Template for the Nigeria Sustainable Banking Principles (NSBP)?.

The apex bank said that the template was to ensure uniformity in reporting implementation efforts towards compliance with NSBP.

NAN recalls that the CBN, in September of 2012, issued a circular directing banks, discount houses and development finance institutions to implement the NSBP.

The template captures banks? best-practices in the agric, power, and oil and gas sectors.

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