{"id":47241,"date":"2024-04-10T06:13:48","date_gmt":"2024-04-10T06:13:48","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=47241"},"modified":"2024-04-10T05:59:15","modified_gmt":"2024-04-10T05:59:15","slug":"increasing-banks-npls-concerns-imf-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2","title":{"rendered":"INCREASING BANKS\u2019 NPLS CONCERNS IMF"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The International Monitory Fund (IMF) has noted that banks\u2019 non-performing loans (NPL) appear to be rising to their pre-pandemic level and average around 8 per cent against relatively low provisions, about 50 per cent as of March 2023.<\/b><\/p>\n

This is according to the technical assistance report on the financial sector stability review for the Kingdom of Eswatini. The report was prepared by the IMF monetary and capital markets and statistics departments.<\/p>\n

Stability<\/b><\/p>\n

At the request of the Central Bank of Eswatini (CBE), an IMF Financial Sector Stability Review (FSSR) was conducted virtually and in person between April 26 and July 18, 2023. It was noted that Eswatini\u2019s financial system was dominated by nonbanks-a source of most financial stability risks and vulnerabilities-whose oversight is in the most need of improvement. The IMF experts noted that the near-term economic outlook points to a continued recovery but downside risks remain. Real GDP is projected to grow by 3.2 per cent in 2023 and inflation to stabilise at around 5-6 per cent.<\/p>\n

Downside risks stem from ongoing economic challenges in South Africa; the prospective impact of El Nino on agricultural output, food prices, and food security; the dampening effects of high inflation on disposable income; and the impact of a high interest rate environment on new investments, corporate balances sheets (via higher debt service), and in turn higher NPLs in financial institutions. It was reported that as interest rates are rising, household vulnerabilities could pose risks to financial stability. As loans at flexible interest rates dominate, households are seeing their interest payments increase.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The International Monitory Fund (IMF) has noted that banks\u2019 non-performing loans (NPL) appear to be rising to their pre-pandemic level and average around 8 per cent against relatively low provisions, about 50 per cent as of March 2023. This is according to the technical assistance report on the financial sector stability review […]<\/p>\n","protected":false},"author":84,"featured_media":47240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,248,249],"class_list":["post-47241","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":"\nINCREASING BANKS\u2019 NPLS CONCERNS IMF - Eswatini<\/title>\n<meta name=\"description\" content=\"The International Monitory Fund (IMF) has noted that banks\u2019 non-performing loans (NPL) appear to be rising to their p ...\" \/>\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\/increasing-banks-npls-concerns-imf-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INCREASING BANKS\u2019 NPLS CONCERNS IMF\" \/>\n<meta property=\"og:description\" content=\"The International Monitory Fund (IMF) has noted that banks\u2019 non-performing loans (NPL) appear to be rising to their p ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2\" \/>\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=\"2024-04-10T06:13:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/04\/sm_1712716077.156318.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\/increasing-banks-npls-concerns-imf-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"INCREASING BANKS\u2019 NPLS CONCERNS IMF\",\"datePublished\":\"2024-04-10T06:13:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2\"},\"wordCount\":269,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/04\/sm_1712716077.156318.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\/increasing-banks-npls-concerns-imf-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/increasing-banks-npls-concerns-imf-2\",\"name\":\"INCREASING BANKS\u2019 NPLS CONCERNS IMF - 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