{"id":22621,"date":"2012-06-13T10:42:39","date_gmt":"2012-06-13T14:42:39","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=22621"},"modified":"2012-06-13T10:43:20","modified_gmt":"2012-06-13T14:43:20","slug":"bad-loans-a-long-term-problem","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/06\/bad-loans-a-long-term-problem","title":{"rendered":"Bad Loans A Long Term Problem"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22622\" style=\"margin-left: 10px; margin-right: 10px;\" title=\"past-due-debt\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/06\/past-due-debt.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/06\/past-due-debt.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/06\/past-due-debt-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/>Bahamian commercial banks expect that high liquidity and non-performing loan levels, the latter of which now exceeds 19 per cent, will be &#8220;maintained for another 12-18 months&#8221; at least unless something sparks a dramatic reduction in unemployment.<\/p>\n<p>Total private sector loan delinquencies increased by a further $7.3 million or 0.6 per cent during April 2012 to close the month just shy of $1.2 billion, and top banking officials said the data &#8211; while showing the situation had stabilised &#8211; also indicated there was no prospect of rapid improvement.<\/p>\n<p>The Central Bank of the Bahamas&#8217; report on monthly economic and financial developments for April 2012 disclosed that 19.1 per cent, or almost $1 out of every $5 in credit extended by the Bahamian commercial banking sector, was in arrears at that month&#8217;s end.<\/p>\n<p>During that month, non-performing loans &#8211; those more than 90 days past due, and upon which the commercial banks have stopped accruing interest, increased by $7.5 million or 0.9 per cent to hit $829 million. The latter figure is equivalent to 13.2 per cent of total bank loans, meaning that $1.3 out of every $10 lent as credit is now non-performing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bahamian commercial banks anticipate that it will be about 12-18 months before any improvement will be seen in high liquidity and non-performing loan levels.<\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[83,98],"class_list":["post-22621","post","type-post","status-publish","format-standard","hentry","category-business","tag-banks","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=22621"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/22621\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=22621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=22621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=22621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}