(Barbados Today) Barbados may be bad off economically, but its financial system remains stable with “extremely high levels of liquidity” in the banking sector, according to the latest Financial Stability Report.

The 2016 report, which was released by the Central Bank of Barbados today, shows that total assets in the financial system grew by 4.5 per cent or $805 million to $24 billion as at September 2016, when compared to the same period last year.

Of that amount, 55 per cent of assets were held by commercial banks, 13 per cent by insurance companies, nine per cent in mutual funds, eight per cent in credit unions and the same amount in pension funds.

The remainder was held in finance and trust.

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