Breaking Down the Financial Stability Report 2015 - Commercial Banks

Author(s): Central Bank Of Barbados

Created 10 Feb, 2016
Categories Financial Stability Report General Press Release
Views: 3892

Commercial Banks in Barbados are in a Healthy State

Commercial banks in Barbados remain healthy and have recorded improvements in their key indicators: profitability, credit risks, and liquidity. Growth remains a challenge, however, given the still weak economic environment. These findings are contained in the just-released Financial Stability Report, published by the Central Bank of Barbados and the Financial Services Commission.

According to the report, commercial banks recorded moderate improvements in the performance of their lending portfolios, with credit risks within their overall portfolio declining over the 12 months to September 2015. Written-off loans fell to 0.75 percent of total loans or by about one-third of their peak in 2013. The report further stated, “The improvement was even more notable when recoveries were taken into account, with net write-offs averaging 0.3 percent of total loans, reverting closer to pre-crisis levels”.

Financial Stability Report 2015 - Overview of Commercial Banks.pdf (167.28 KB)
Financial Stability Report Podcast 2 - Commercial Banks.mp3 (9.02 MB)
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