Barbados' Financial System Showing Signs of Recovery

Author(s): Central Bank Of Barbados

Created 18 Aug, 2015
Tags Financial Stability Report Financial Stability Report 2015 Financial Stability Update FSR FSR 2015
Categories Financial Stability Report
Views: 5896

Evidence of a slowly recovering financial system emerged over the twelve months ending March 2015 as the loan portfolios of major deposit-taking institutions (DTIs), expanded by just over one percentage point of GDP. Commercial banks’ recorded 1.4 percent growth in credit, while the credit unions’ expansion was a more substantial 6.7 percent, albeit from a smaller base. DTIs remain well capitalised, with banks in particular possessing capital levels that make them extremely resilient to substantial economic shocks. Credit risk within commercial banks has been contained as net write-offs continued to average less than one percent per year of total loans.

FSR Update 08-18-2015.pdf (541.06 KB)
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