NPL loans still an issueAnton Belgrave, assistant director of the research and economic analysis department of the Central Bank of Barbados. (Picture by Lennox Devonish.)
Wed, September 11, 2013 - 12:07 AM
Non-performing loans (NPL) on the books of commercial banks continue to be the major concern for regulators of the local financial services sector.
The sector remains stable and well capitalized but the ratio of NPLs climbed by one per cent to reach 13.8 per cent during the six-month period ended March 2013.
This is according to assistant director of the research and economic analysis department of the Central Bank of Barbados, Anton Belgrave, who delivered the mid-year update to the 2012 Financial Stability Report yesterday.
The report is produced annually by the bank and the Financial Services Commission. (NB)Please read the full story in today’s MIDWEEK NATION, or in the eNATION edition.
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