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Eswatini’s Financial Stability Report

The Central Bank of Eswatini has released its latest financial stability report, providing an overview of the country’s economic indices and indicators.

Indexes

The report highlights several key indexes that have been monitored during the quarter:

  • JSE All Share Index: Experienced a moderate decline due to market volatility.
  • Financial Development Index (FDI): Shown steady growth over the past year.
  • Aggregate Financial Stability Index (AFSI): Indicates a high level of financial stability in Eswatini.

GDP and Inflation

The report notes that Eswatini’s GDP has continued to grow, albeit at a slower pace than previous years. Additionally:

  • Inflation rates: Remained relatively stable, with the Consumer Price Index (CPI) increasing by 3.2% year-on-year.

Banking Sector

The banking sector has reported steady growth, with:

  • Commercial banks’ assets and liabilities: Increasing by 10% and 12%, respectively.
  • Capital adequacy ratio: Remains at a robust 14.5%.

Insurance Sector

The insurance sector has also experienced growth, with:

  • Gross written premiums: Increasing by 8%.
  • Importance of the sector: Providing financial protection to households and businesses.

Payments Systems

Eswatini’s payment systems have continued to evolve, with the introduction of new technologies such as:

  • Mobile payments
  • Electronic funds transfers

These innovations have improved the efficiency and convenience of transactions.

Risk Assessment

The report assesses various risks affecting Eswatini’s financial system, including:

  • External risks: Global economic uncertainty
  • Domestic risks: Government debt levels

Conclusion

Overall, the report concludes that Eswatini’s financial system remains stable, with a robust banking sector and growing insurance industry. However, it also highlights the need for continued vigilance in monitoring potential risks to ensure long-term financial stability.

Tables and Figures

The report includes several tables and figures providing detailed information on key economic indicators, including:

  • GDP growth rates
  • Inflation rates
  • Bank balance sheets