Monday, October 8, 2018

Central Bank’s loans to banks double in nine months.

Outstanding loans granted by the Central Bank (BDL) to the local financial sector more than doubled in the first nine months of 2018 to stand at $27.9 billion at the end September, according to BDL data.

The increase in BDL's loans to the financial sector registered over the nine-month period was $15.1 billion. This compares with an average annual increase of just $2.8 billion over the 2014/2017 period.

The loans to the financial sector mainly consist of credit facilities extended...

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