Transcription of BANK SUPERVISION ANNUAL REPORT - 2016
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BANK SUPERVISION ANNUAL REPORT - 2016
BANK SUPERVISION ANNUAL REPORT - 2016 2 TABLE OF CONTENTS Governor s Foreword ..7 Director s Foreword .. 10 chapter 1: OVERVIEW OF MACROECONOMIC ENVIRONMENT .. 13 chapter 2: MAJOR DEVELOPMENTS AND OTHER SUPERVISORY ACTIVITIES IN THE BANKING SECTOR .. 19 chapter 3: CONDITION & PERFORMANCE OF THE BANKING SECTOR .. 35 chapter 4: LEGAL & REGULATORY DEVELOPMENTS .. 60 chapter 5: CONSUMER EDUCATION AND CONSUMER PROTECTION ISSUES .. 63 chapter 6: OUTLOOK .. 68 APPENDIX 1: FUNCTION AND ORGANIZATION OF BANK SUPERVISION DIVISION.
6 PURPOSE OF THE REPORT The Banking Supervision Annual Report is issued in terms of section 78 of the Banking Act [Chapter 24:20].The purpose of this annual report is to provide an analysis of the condition and
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