By so doing, the Bank has been able to avoid heightened economic and financial vulnerabilities that would have posed a major risk to price stability in the country. The pertinence of our strategy to preserve banking sector resilience is evidenced by the stability that we continue to experience on that front. Indicators are self-explanatory.
Banks remain well capitalised, with a Capital Adequacy Ratio of 18.7 per cent, which is well above the minimum regulatory requirement. The asset quality has also remained strong with overall non-performing loan ratio improving to 5.0 per cent as at end-March 2021 from 5.4 per cent as at end-September 2020.