The proportion of banks’ Non- Performing Loans attributable to the public sector improved from 6.9 percent in September 2014 to 2.6 percent in September 2015.

Even though private enterprises received only 71 percent of the private sector credit, they accounted for 88.4 percent of NPLs in the sector as at September 2015 compared with 70.5 percent of credit received and 83.8 percent of NPLs respectively in the same period in 12 2014.

The highly disproportionate level of NPLs associated with the private enterprises was driven mainly by indigenous enterprises, which received 60.9 percent of credit to private enterprises but accounted for 79.1 percent of NPLs as at September 2015.

However, while foreign enterprises’ share of private sector credit declined, their contribution to private sector NPLs increased marginally over the period under review. Households’ share of private sector credit and contribution to NPLs increased marginally over the review period