Palau’s banking industry remains stable and with a positive outlook on tourism for 2019, there will be expected growth, according to the annual banking report of the Financial Institution Commission (FIC). The report, submitted to the Palau National Congress in March, also said the banking industry for 2018 is liquid with all banks able to continually […]
Tag: Growth
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NDBP’s loan portfolio rises to $7 million in three years
The National Development Bank’s (NDBP) loan portfolio increased by 43 percent or over $7 million from 2015 to 2018, assisted by the housing demand and commercial lending. In a speech before the opening of the Senate’s April session on Tuesday, NDBP President Claire Harvey said the growth of NDBP’s loan portfolio “is contributing to the […]
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ADB says Palau’s economic growth to pick up in 2019 and 2020
Palau’s economic growth is expected to pick up in 2019 and 2020, with a projected boost from a recovery in tourism and increase in capital expenditures through the Compact funds from the United States, according to newly released Asian Development Bank (ADB) Economic Outlook Report. Palau’s economic growth is expected to accelerate to 3.0% in […]