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Deposit taking institutions keeping lid on non-performing loans

New data show the island's deposit taking institutions have been keeping a lid on non-performing loans.
 
The recently tabled Bank of  Jamaica annual report for 2017 shows the loan quality as measured by the ratio of  non performing loans to total loans improved as at the end of  September 2017. 
 
In particular, the ratio of  non performing loans to total loans for deposit taking institutions decreased to 2.7 per cent at the end of  September last year relative to 3 per cent at the end of  2016. 
 
The Central Bank says the continued improvement in loan quality was primarily reflected in non performing loans for the construction, mining and manufacturing sectors which together accounted for 7.6 per cent of  total loans.

 



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