Bank of Jamaica warns about rising corporate debt

Jamaica

Jamaican banks are vulnerable to the corporate sector’s rising debt and reduced solvency, the country’s central bank says in its financial stability report for 2018.

Corporate sector liabilities as a share of assets rose 1.5 percentage points to 63.4% for the year ending in September 2018, the central bank says. Also, it says, the ratio of debt to operating profit “deteriorated” during the period. 

Jamaican banks “sharply” increased their exposure to corporate sector debt in 2018, the report

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: