Report: Banking system still robust
(Lennox Devonish)
Tue, January 31, 2012 - 12:00 AM
THE CENTRAL BANK OF BARBADOS launched its first Financial Stability Report (FSR) last Friday, bringing it in line with scores of countries across the globe that publish such reports annually.
The report found that Barbados’ banking system remained robust despite a worsening credit quality due to a weak global and domestic macroeconomic environment.
The FSR will be published exclusively online in December each year with an update each June.
At right, Central Bank of Barbados Deputy Governor Harold Codrington (left) and the bank’s first Governor Sir Courtney Blackman at the launch of the report in the Grand Salle of the Tom Adams Financial Centre. (NB)
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