Banking sector faring well

JUSTINAH MUKUKA
Parliament
GOVERNMENT says the overall banking sector performance during the period January 2020 to December 2023 remains satisfactory despite the setbacks caused by the COVID-19 pandemic.
Minister of Finance and National Planning Situmbeko Musokotwane said this in Parliament yesterday in response to a question raised by Kalabo Central Member of Parliament (MP) Chinga Miyutu.
Mr Miyutu asked about performance of banks during the period under review.
Dr Musokotwane said the financial performance in the health of the banking sector across the world is usually accessed using various metrics or quantifiable measures used to track progress and evaluate its success.
He said these metrics typically relate to capital adequacy, assets quality, profitability and liquidity.
“Regarding capital adequacy, the sectors’ adequacy ratios were above the minimum regulatory requirements. In 2020, the primary regulatory capital was 17.8 percent and increased to 21.9 percent against a regulatory minimum of five percent…https://enews.daily-mail.co.zm/welcome/home