The Bank of Barbados said Monday that the principal impact of the weak economic environment on the local financial sector continues to be anaemic loan growth across the sector.
The Bank of Barbados said there has been no overall growth in commercial bank lending to the non-financial private sector since September 2011.
It said residential mortgages, which comprise about half of all personal loans, grew by 6.5 percent over the past year, but loans and advances to firms in tourism and
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