Poor monitoring led to rise in NPLs, says Rwanda’s central bank
NPLs rose to 8.2% in June, according to central bank stats
The National Bank of Rwanda has said it is concerned with the rising levels of non-performing loans, which it attributes to “inadequate monitoring” by some institutions.
In its latest monetary policy statement, published on September 27, Rwanda’s central bank documents a rise in NPLs to 8.2% of total assets in June, from 8.1% in March. In the microfinance subsector, levels had risen to 12.3%, from 11.7%.
“The slowdown of economic activities, as well as inadequate monitoring of some large
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