National Bank of Rwanda highlights stable financial system

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The National Bank of Rwanda on August 8 published its first-ever financial stability report, which gave a positive assessment of the domestic financial sector but also identified downside risks.

The report, which covers the period 2009–2011, said Rwanda had achieved high growth and macroeconomic stability despite the "challenging" global environment. The central bank noted in particular that banks had an average 25% capital ratio, above the statutory minimum of 15%. The report also highlighted

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