The report attributed the increase in the gross non-performing loans to challenges in the business environment that led to cash flow constraints for borrowers. The ratio of gross non-performing loans to gross loans increased by 3.17 per cent between quarter one of 2017 and the second quarter of 2017. This is down from the 6.43 per cent rise between quarter four of 2016 and quarter one of 2017. From the survey, 35 out of 42 banks felt that the non-performing loans did not change in the mining and quarrying, and energy and water sectors. The financial sector reported a 74 per cent constant level of non-performing loans.

Source: The Star September 12, 2017 21:22 UTC