Tuesday, July 14, 2020   /10:16PM / by CBN / Header Image Credit: EcoGraphics

The Bankers' Committee at its meeting of February 18,2020 approved the Go-Live on the Global Standing Instruction (GSI), which isaimed at:

i. Facilitating an improved credit repayment culture;

ii. Reducing Non-Performing Loans in the NigerianBanking System; and

iii. Watch-listing consistent loan defaulters.

The Central Bank of Nigeria in collaboration withstakeholders has developed the necessary protocols to facilitate a seamlessimplementation of the GSI process, including eligible loans granted from August28, 2019.

Accordingly, the following Guidelines to regulate theoperations of the Global Standing Instruction is hereby issued forimplementation by all banks and other financial institutions with effect fromAugust 1, 2020.

Download Here - Operational Guidelines on Global Standard Instruction (GSI)

Download Here - Executive Summary: NPLs & Bank Debtors - The Case for a New Industry Approach   

Download Here -  NPLs & Bad Debtors: - The Case for a New Industry Approach - Debtors Africa, May 13, 2020 

Related Links - Download PDFs

1.      Operational Guidelines on Global Standard Instruction (GSI) - CBN, Jul 15, 2020

2.      Executive Summary: NPLs & Bank Debtors - The Case for a New Industry Approach - May 14, 2020

3.     (PDF) NPLs & Bad Debtors: - The Case for a New Industry Approach - Debtors Africa, May 13, 2020

4.     AMCON and Financial Services Debt Burden in Nigeria - Aug 17, 2018

5.     (PDF) - Coronanomics and the Nigerian Economy - Jun 06, 2020 

Related to NPLs and Recovery

1.      Bank NPLs (25) - The Customer's Options in a New Debt Order

2.     Bank NPLs (24) - Handling Bad, Delinquent and Recalcitrant Debtors via DiMR

3.     Bank NPLs (23) - The Case for a New Approach

4.     Bank NPLs (22) - Benchmarking Best Practice and International Debtors List

5.     Bank NPLs (21) - The Role and Place of Credit Bureaus and Rating Agencies in Recovery Efforts

6.     Bank NPLs (20) - A New Cottage Industry Emerges - Debt Factors and Loan Purchase Firms

7.     Bank NPLs (19) - Issues Around Nigerian Bank Debtors List

8.     Bank NPLs (18) - Understanding The Impact Of IFRS 9 On Selected Nigerian Banks

9.     Bank NPLs (17) - IFRS and Accounting Standards

10.  Bank NPLs (16) - The Place of Arbitration, Resolution or Debt Management

11.   Bank NPLs (15) - AMCON and Its Role in Debt Recovery

12.  Bank NPLs (14) - Regulatory Guidance, Conduct and Enablers

13.  Bank NPLs (13) - Impact on Growth of the Credit Market

14.  Bank NPLs (12) - Impact of NPLs on Income Trends

15.  Bank NPLs (11) - Technical Analysis on Banks' NPLs - LDR

16.  Bank NPLs (10) - Technical Analysis on Banks' NPLs - Leverage Ratio

17.  Bank NPLs (9) - Technical Analysis on Banks' NPLs - Liquidity Ratio

18.  Bank NPLs (8) - Technical Analysis on Banks' NPLs - NPL Ratio

19.  Bank NPLs (7) - Technical Analysis on Banks' NPLs - Profitability

20. Debtors Africa: AMCON; Chike-Obi's Alternative View

21.  Bank NPLs (6) - Technical Analysis on Banks' NPLs - Gross Earnings

22. Bank NPLs (5) - How Banks Fared In 2018; Holding Up Against IFRS9 Tropical Winds

23. Bank NPLs (4) - A Short History of Recovery Efforts - A Time Series Analysis

24. Bank NPLs (3) - The State of NPLs

25. Bank NPLs (2) - The Banking Industry and Its NPL Position

26. Bank NPLs (DR 1) - The Case for a New Industry Approach

Related News

1.      CBN Issues Operational Guidelines on GSI to Facilitate Improved Credit Repayment Culture

2.     CBN Orders Seizure of Loan Defaulters Funds Across Banks

3.      Debtors Africa: AMCON; Chike-Obi's Alternative View

4.     Debtors Africa Launches Searchable Digital Database of Recalcitrant and Delinquent Debtors

5.     Sovereign Defaults Set to Hit Record in 2020

6.     AMCON's Recoveries from Debtors Rise to N1.1tn

7.     Structured Finance's Forbearance Challenges Go Beyond Liquidity

8.     Suspension of Debt Payments to Multilateral Development Banks a Risk to Ratings

9.     The Final Destiny of the Trillions - Determining Deserving Beneficiaries of Bailouts

10.  Sovereign Debt Relief Momentum is Accelerating

11.   CBN To Reduce Loans in AMCON

12.  Unlawful Account Freeze: EFCC and Banks Cannot Take Laws into Their Hands

13.  CBN Right of Set-Off - A Case of Regulatory Over-Reach?

14.  Henceforth, Loan Defaults Will Be Settled with Deposits From Other Banks