liberian banking sector records stable growth
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Liberian banking sector records stable growth

Arab Today, arab today

Arab Today, arab today Liberian banking sector records stable growth

Monrovia - XINHUA

The Central Bank of Liberia (CBL) on Tuesday released its second quarterly report ending June 30, 2012, reporting stable growth in total assets, loans, and deposits in the West African country's banking sector. The CBL in its quarterly Financial and Economic Bulletin said the banking industry continues to be well capitalized and liquid. But the CBL report however noted that profitability remains a challenge due to poor asset quality of a number of banks as a result of general macroeconomic environment and high loan loss provisions driven by weak credit administration. The report indicates that the banking industry's balance sheet, in terms of total assets, expanded by 6.9 percent to 783.0 million U.S dollars compared to the first quarter. According to the bulletin, on year-on-year basis, total assets grew by 28.9 percent when matched with the corresponding period in 2011. The CBL in the report said total capital increased 5.1 percent against the amount reported at the end of March 2012. "The industry's capital position, however, increased by 3.7 percent above the same quarter of 2011.Overall, the growth rates reflect continuous confidence in the banking system, increased financial deepening and accelerated economic activities," the CBL said. The CBL said the industry's Capital Adequacy Ratio (CAR) declined during the review quarter due largely to surge in risk assets, particularly off-balance sheet exposure by more than 55.0 percent. The report said non-performing loans as ratio of total loans in the industry decreased from 23.6 percent to 19.6 percent at the end of June 2012 adding it decreased from 55.2 million dollars to 47.0 dollars. According to the CBL, at the end of June 2012, the banking industry recorded gross earnings of 35.4 million dollars and operating profit of 8.7 million dollars before loan loss provisions and taxes, reflecting an improvement of 16.7 percent in gross earnings and 18.0 percent decline in operating profit compared with the corresponding quarter in 2011.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

liberian banking sector records stable growth liberian banking sector records stable growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

liberian banking sector records stable growth liberian banking sector records stable growth

 



GMT 21:38 2017 Monday ,30 October

Arab coalition to confronting Houthis

GMT 05:09 2017 Wednesday ,20 September

UK to take 130 more lone refugee children in Dubs

GMT 16:27 2011 Thursday ,07 July

More photos come up

GMT 10:49 2016 Monday ,19 September

Greek central banker denies rift with government

GMT 04:51 2017 Saturday ,21 October

EU puts brakes on Macron's Google tax push

GMT 11:35 2017 Friday ,17 March

Bahrain Bourse daily trading report

GMT 20:38 2017 Friday ,24 February

20 terror suspects, including 4 women, arrested

GMT 10:40 2017 Saturday ,29 April

Sudan condemns Paris' terrorist attack

GMT 08:33 2017 Tuesday ,21 November

Hezbollah denies sending arms to regional conflicts

GMT 23:14 2017 Tuesday ,02 May

Deputy premier meets Malaysian counterpart

GMT 10:45 2016 Monday ,25 July

Warner, Marvel wow Comic-Con

GMT 09:17 2017 Monday ,08 May

Macron marches to French presidency
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday