Jwala Rambarran: Trinidad and Tobago – a growing regional financial centre in the Caribbean Feature address by Mr Jwala Rambarran, Governor of the Central Bank of Trinidad and Tobago, at the Institute of Banking and Finance of Trinidad and Tobago (IBF) Annual Graduation Ceremony 2014, Port-of-Spain, 28 June 2014.
And though NPL levels have been coming down for significant institutions – from around 7.5% in early 2015 to 5.5% now – the problem is not yet solved. Many banks still lack the ability to absorb large losses, as their ratio of bad loans to capital and provisions remains high.