Africa-Press – Cape verde. The Bank of Cabo Verde (BCV) will maintain measures to extend public moratoriums, exclusively of capital, announced by the Government, until September 2022, the organization announced in a statement.
The central bank also announced that in the context of these measures to mitigate the effects associated with the crisis and aggravated by the conflict involving Ukraine and Russia, as well as the sanctions imposed by several countries to Russia, which affect the prospects for global and national economic recovery.
The measures announced include “maintaining the total capital adequacy ratio at a minimum of 10%”, which, according to the statement, will allow a “larger margin” for banks to continue to finance viable projects and thus contribute to the recovery of the national economy.
“Suspension of the deduction of the assets received amounts, in the period from 2013 to 2016, in repayment of own credit (in lieu of payment), also with a positive impact on the financing capacity of banks”, is among the measures announced.
For More News And Analysis About Cape verde Follow Africa-Press
