News

17Nov2020
Health Check: Stress Testing “We essentially torture the system until it breaks.” Anton Belgrave, Director of the Central Bank of Barbados' Research and Economic Analysis Department (READ) discusses stress testing and reveals the results of tests carried out on Barbados' financial institutions....
10Nov2020
Health Check: Commercial Banks Carlon Walkes, Senior Economist at the Central Bank of Barbados, discusses the soundness of Barbados' commercial banks and trust and finance companies in 2019 and the first seven months of 2020....
04Nov2020
Health Check: Overview of Barbados' Financial Services Sector Central Bank of Barbados Senior Economist Carlon Walkes discusses the findings of the 2019 Financial Stability Report....
23Oct2020
Systemically Important Financial Institutions An explanation of how regulators determine which financial institutions are considered critical to the stability of the financial system....
16Oct2020
Household Debt is Up. What does that Mean for Financial Stability? Barbadians owe financial institutions more than $6 billion....
16Aug2019
Spotlight on Barbados’ Financial System The Central Bank of Barbados and the Financial Services Commission will host a rounding on the 2018 Financial Stability Report....
14Jun2018
The 2017 Financial Stability Report The Bank and the FSC have collaborated in the preparation of the seventh issue of Barbados’ Financial Stability Report which provides an assessment of the risk exposures of banks, insurance companies, credit unions and other depository financial institutions. This report analyses a range of financial stability indicators for financial institutions, as well as balance sheet and income and expenditure trends. ...
18Aug2015
Barbados' Financial System Showing Signs of Recovery 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....
08Aug2014
Financial Stability Report Updated 2014 Since the release of the last Financial Stability Report (FSR) in January 2014, the financial sector has showed signs of improvement. Despite credit risk remaining high, the level of non-performing loans(NPLs) has declined since September 2013. Furthermore, even though the overall loan portfolio of domestic lending institutions contracted slightly, the mortgage market remained an area of growth across the financial system. At the same time, available funding continued to shift from the private to the public sector. In addition, growth in deposits was moderate and resulted in increased liquidity in the financial system, while capital buffers remained well in excess of the requirements and institutions continued to generate profits. ...
04Aug2014
Financial Stability Report 2014 The Barbadian financial system continued to demonstrate resilience in spite of challenging economic conditions. Over the course of the twelve months ending September 2014, most deposit-taking entities (banks, trust companies and finance houses) and insurance firms faced low demand for major financial products by the private sector. Consequently, growth was weak and in some instances, entities recorded a contraction on their balance sheets. ...
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