Liberia steps up monitoring of NPLs
Credit reference system to help financial institutions keep track of credit history and debt obligations
The Central Bank of Liberia is establishing a “robust” credit reference system to help address the issue of non-performing loans (NPLs).
In a speech given by president George Weah on January 28, he said the stock of NPLs remains a “major challenge” for the banking system.
According to data from the central bank, the percentage of NPLs to total loans stood at 16.3% in April 2018, but declined to 12.3% in July.
“The central bank is taking steps … to address the issue of non-performing loans
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
Bank of Mexico lowers GDP growth estimate
Slow economic activity from last year continues into the first quarter
Chinese cities ease home-buying rules as housing slump continues
Analysts say real estate sector unlikely to turn around this year despite recent interventions
Sri Lanka keeps interest rates flat
Country introduces new governance reforms to state-owned banks
RBNZ will activate debt-to-income tool
New Zealand central bank to bring in new macro-prudential tool in July
Getting Chiang Mai right
Asia’s emergency infrastructure is on the right track, but there is still room for improvement
Use machine learning to protect payment systems – research
Tool could also be used to warn of money laundering and bank runs, researchers say
Egypt holds policy rates
Central bank says improved external financing after IMF loan will help price stability
IMF says Iceland’s path is clear to easing rates
Housing, bank supervision remain a concern and central bank independence needs safeguards