GOVERNMENT says the Financial performance and condition in the banking sector remained satisfactory over the period 2022 to 2024. According to the Ministry of Finance and National Planning White Paper Medium Term Budget Plan 2025-2027, the positive performance was on account of consistent profitability, low levels of Non-Performing Loans (NPLs) among others. “The overall financial performance and condition in the banking sector remained satisfactory over the period 2022-2024. This was on account of consistent profitability, low levels of Non-Performing Loans (NPLs), adequate liquidity and sufficient capital levels available to absorb unexpected losses. The level of NPLs in the banking sector remained below the prudential benchmark of 10.0 percent during the period under review. As at end December 2023 the gross...