{"id":38924,"date":"2023-11-28T17:24:10","date_gmt":"2023-11-28T17:24:10","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=38924"},"modified":"2023-11-28T16:37:51","modified_gmt":"2023-11-28T16:37:51","slug":"non-performing-loans-on-a-downward-trend","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend","title":{"rendered":"NON-PERFORMING LOANS ON A DOWNWARD TREND"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>There has been a significant improvement in the quality of the banking sector\u2019s loan book in September, as non-performing loans (NPL) declined by 8.8 per cent.<\/b><\/p>\n<p>NPLs have been on a stubborn increase over the year, which was previously CBE to be a concern to the Central Bank of Eswatini.<\/p>\n<p>According to the monetary policy statement issued the Central Bank of Eswatini (CBE) Governor Dr. Phil Mnisi last week, NPLs were making an improvement.<\/p>\n<p>It indicated that in a positive twist to the previous months reports, NPLs declined to stand at E1.1 billion at the end of September.<\/p>\n<p>The decrease is reported to have driven the 0.6 percentage points fall of NPL ratio over the month to record 7.4 per cent at the end of September.<\/p>\n<p>Economist Thembinkhosi Dube says this can be accredited to the CBE\u2019s decision to maintain interest rates at 7.5 per cent.<\/p>\n<p>\u201cThe decline in non-performing loans can be attributed to a variety of factors, which include the readjustment of salaries, as well as the Cost of Living adjustment (CoLA),\u201d said Dube.<\/p>\n<p>He further highlighted that following the decrease in interest rates earlier in the year, it has been quite ample time for people to readjust their expenses.<\/p>\n<p>\u201cPeople take some time to readjust, there is always a time lag between the changes in rates and the rate at which people can adjust,\u201d said Dube, explaining why the NPL ratio was alarming since the first decrease earlier in the year.<\/p>\n<p>Ratio<\/p>\n<p>The economist that the ratio of non-performing loans could possible continue with the downward trend in the event that interest rates remained unchanged and as people continued to readjust.<\/p>\n<p>\u201cIt is not to say that people can now afford to pay back their loans, but to say that people have worked hard towards readjusting, and more time will only give them more opportunity to adjust further,\u201d he said.<\/p>\n<p>The economist highlighted that NPLs would return back to its stubborn upward trend should interest rates increase from the rate that people had now adjusted to.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/eswatini\">Eswatini<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. There has been a significant improvement in the quality of the banking sector\u2019s loan book in September, as non-performing loans (NPL) declined by 8.8 per cent. NPLs have been on a stubborn increase over the year, which was previously CBE to be a concern to the Central Bank of Eswatini. According to [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":38923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,248,249],"class_list":["post-38924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>NON-PERFORMING LOANS ON A DOWNWARD TREND - Eswatini<\/title>\n<meta name=\"description\" content=\"There has been a significant improvement in the quality of the banking sector\u2019s loan book in September, as non-perfor ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NON-PERFORMING LOANS ON A DOWNWARD TREND\" \/>\n<meta property=\"og:description\" content=\"There has been a significant improvement in the quality of the banking sector\u2019s loan book in September, as non-perfor ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T17:24:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/11\/sm_1701176652.572831.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NON-PERFORMING LOANS ON A DOWNWARD TREND\",\"datePublished\":\"2023-11-28T17:24:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\"},\"wordCount\":355,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2023\/11\/sm_1701176652.572831.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eswatini\",\"Eswatini\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/non-performing-loans-on-a-downward-trend\",\"name\":\"NON-PERFORMING LOANS ON A DOWNWARD TREND - 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