Non-Performing Loans Falling, but still too high – ECCB

The Governor of the Eastern Caribbean Central Bank (ECCB), Timothy Antoine, has stated that while banks in the ECCU remained well capitalized, the main risk is the high incidence of non-performing loans (NPLs).  Even though the ratio of NPLs has fallen from 18.3% in 2013 to 11.3%, presently,  it is still double the international benchmark of 5%.

The Governor also noted that the EC Dollar remains strong, with 97.4 cents in USD reserves for every EC dollar, well above the 60% minimum requirement.

Link: http://www.winnfm.com/news/local/22100-eccb-ratio-of-bad-loans-decreasing-but-still-too-high

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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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