Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19

Authorities in East Asia Pacific (EAP) jurisdictions have adopted a battery of fiscal, monetary, and financial measures aimed at mitigating the unprecedented impacts of the Coronavirus disease 2019 (COVID-19) pandemic on the economy. This report di...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Kuala Lumpur 2021
Subjects:	NON-PERFORMING LOANS CORONAVIRUS COVID-19 PANDEMIC IMPACT CREDIT TREND MACROPRUDENTIAL TOOLS INSOLVENCY COLLATERAL ENFORCEMENT BANK OPERATIONS FINANCIAL REGULATION
Online Access:	http://documents.worldbank.org/curated/undefined/275161635138844218/Non-Performing-Loans-in-East-Asia-and-the-Pacific-Practices-and-Lessons-in-Times-of-COVID-19 http://hdl.handle.net/10986/36522

id	okr-10986-36522
recordtype	oai_dc
spelling	okr-10986-365222022-09-20T00:08:38Z Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19 World Bank NON-PERFORMING LOANS CORONAVIRUS COVID-19 PANDEMIC IMPACT CREDIT TREND MACROPRUDENTIAL TOOLS INSOLVENCY COLLATERAL ENFORCEMENT BANK OPERATIONS FINANCIAL REGULATION Authorities in East Asia Pacific (EAP) jurisdictions have adopted a battery of fiscal, monetary, and financial measures aimed at mitigating the unprecedented impacts of the Coronavirus disease 2019 (COVID-19) pandemic on the economy. This report discusses the quality of loan portfolios in the banking sector of EAP jurisdictions and the main vulnerabilities surrounding credit markets that may negatively impact the credit quality of banking portfolios and amplify the effects of the COVID-19 crisis. Most EAP countries entered the pandemic with solid capital and liquidity buffers built up following the global financial crisis (GFC). If non-performing loans (NPLs) are left unaddressed, they can have harmful feedback effects on the banking system and the real economy. Experiences in the aftermath of the Asian financial crisis (AFC), and more recently the GFC, show that many countries were affected by a legacy of high NPLs, which underscores the need for a quick and comprehensive policy response. 2021-11-09T21:47:34Z 2021-11-09T21:47:34Z 2021-10 Report http://documents.worldbank.org/curated/undefined/275161635138844218/Non-Performing-Loans-in-East-Asia-and-the-Pacific-Practices-and-Lessons-in-Times-of-COVID-19 http://hdl.handle.net/10986/36522 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kuala Lumpur Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study East Asia and Pacific Malaysia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NON-PERFORMING LOANS CORONAVIRUS COVID-19 PANDEMIC IMPACT CREDIT TREND MACROPRUDENTIAL TOOLS INSOLVENCY COLLATERAL ENFORCEMENT BANK OPERATIONS FINANCIAL REGULATION
spellingShingle	NON-PERFORMING LOANS CORONAVIRUS COVID-19 PANDEMIC IMPACT CREDIT TREND MACROPRUDENTIAL TOOLS INSOLVENCY COLLATERAL ENFORCEMENT BANK OPERATIONS FINANCIAL REGULATION World Bank Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
geographic_facet	East Asia and Pacific Malaysia
description	Authorities in East Asia Pacific (EAP) jurisdictions have adopted a battery of fiscal, monetary, and financial measures aimed at mitigating the unprecedented impacts of the Coronavirus disease 2019 (COVID-19) pandemic on the economy. This report discusses the quality of loan portfolios in the banking sector of EAP jurisdictions and the main vulnerabilities surrounding credit markets that may negatively impact the credit quality of banking portfolios and amplify the effects of the COVID-19 crisis. Most EAP countries entered the pandemic with solid capital and liquidity buffers built up following the global financial crisis (GFC). If non-performing loans (NPLs) are left unaddressed, they can have harmful feedback effects on the banking system and the real economy. Experiences in the aftermath of the Asian financial crisis (AFC), and more recently the GFC, show that many countries were affected by a legacy of high NPLs, which underscores the need for a quick and comprehensive policy response.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
title_short	Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
title_full	Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
title_fullStr	Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
title_full_unstemmed	Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19
title_sort	non-performing loans in east asia and the pacific : practices and lessons in times of covid-19
publisher	World Bank, Kuala Lumpur
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/275161635138844218/Non-Performing-Loans-in-East-Asia-and-the-Pacific-Practices-and-Lessons-in-Times-of-COVID-19 http://hdl.handle.net/10986/36522
_version_	1764485399225303040

Non-Performing Loans in East Asia and the Pacific : Practices and Lessons in Times of COVID-19

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