I am confident we can continue to improve and learn from each other’s experience, applying these lessons to preventing another systemic financial failure in the Caribbean in the future. I wish you a productive session and hope you enjoy your stay. I thank you. 4  BIS central bankers’ speeches
Credit activity registered an increasing trend for seven straight months, up by 5.4 percent year-onyear. We expect improving economic condition and market sentiment to further spur domestic credit expansion. Non-performing loans remain manageable with NPL ratio at 4.2 percent. The NPL coverage ratio, which shows the banks' allowance for potential losses from bad loans, is high at 86.1 percent.