ECCB reports decrease in total assets and deposits

BASSETERRE, St Kitts — The Monetary Council of the Eastern Caribbean Central Bank (ECCB) has reported a slight deterioration in monetary and credit conditions as at June 30, 2018, with decreases in deposits and assets.

“Monetary and Credit conditions in the ECCU banking system showed a slight deterioration as at the end of June 2018 when compared with the same period in the previous year, but remained favourable,” the ECCU said in its communiqué following the 92nd Meeting of the Monetary Council of the ECCB on November 16.

The Eastern Caribbean Currency Union (ECCU) commenting on the financial stability in the financial space informed that, as at 30 June 2018, the ECCU commercial banking sector was assessed as stable when compared to the previous quarter’s…

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