Auditor General's Findings
DBJ’s non-performing loans (NPL) grew from $1.1 billion as at March 2010 to $2.5 billion as at March 2012.
The Non-Performing Loans subsequently declined to $897.8 million as at March 2015, mainly due to write-offs – instead of recovery of outstanding loans- which suggests that DBJ may have difficulty recovering non-performing loan amounts from delinquent borrowers.
Permanent Secretary (current): Audrey Sewell
Breach Category: Resource Management
Permanent Secretary (at breach):
Breach Type: Poor Loan Management
The Most Hon. Andrew Holness ON, PC, MP
119B Olympic Way,
Kingston 11,
St. Andrew
(876) 927-9941
Subscribe
0 Comments
oldest
