In two countries, Cyprus and Greece, about one-half of total loans are not performing, accounting for about one-third of total bank assets. Four countries report NPL ratios of close to 20%. On the other end of the spectrum, many countries maintain NPL ratios of less than 3%.
Mr. Chairman, Distinguished Directors, let me I congratulate you on your appointment to the Board of the Central Securities Depository Ghana Limited. We expect you to deepen the governance practices of the Depository to enable you effectively exercise your authority to serve the interest of the investing public and that of the shareholders.