Welcome to the 2009 edition of the Barbados Banking Industry Performance Highlights.
The main narrative of our banking industry’s performance during 2009 is little changed from that of a year earlier. There is no significant news with which we can embellish the story.
As they did in 2008, our banks continued to manage risk conservatively, with creditworthiness uppermost in their minds as they lent money. They set aside more funds than a year earlier to provide for loan losses, but given economic conditions that was to be expected.
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