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Thursday, January 24, 2019

Bad loans close 2018 at 6.1% | The Times Group

Bad loans close 2018 at 6.1% | The Times Group: The country’s level of non-performing loans (NPLs) hit a record low when they fell to 6.1 percent in December 2018, Reserve Bank of Malawi (RBM) Governor, Dalitso Kabambe, has said.

Speaking during the launch of Malawi Stock Exchange Automation, Microfinance Institution Hub and Natswitch Operationalisation, Kabambe said the level of NPLs came down from 19.9 percent at the beginning of 2018 and against a regulatory requirement of 5 percent.

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