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
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