The Liberia Bankers Association commends and helps the Central Bank of Liberia for the measures it has taken to curtail the power failure of non-compliant, antisocial companies and people plaguing the Banking sector as of late.
We welcome the measures that CBL has taken and specific the hope that the CBL will handle a sustained engagement in this factor with the judiciary and lead the efforts to advertise a well timed answer of amassing or improving exceptional tasks of antisocial debtors.
We additionally inspire the CBL to have interaction the Judiciary in dashing up listening to on lengthy exceptional and new instances within the courts as this will likely help the banks in mortgage restoration procedure.
The LBA will proceed to paintings with the CBL in opposition to steady growth within the monetary sector in the course of the automation of the credit score reference gadget that may in the end result in an effective credit score approval, disbursement, and tracking procedure.
We guarantee the CBL that the LBA is not going to hesitate to sanction any of its officials discovered to not agree to laid down credit score coverage pointers and credit score approval procedure.
Issued in this fifteenth day of December 2022
Liberia Bankers Association