The Reserve Bank of Fiji says growth in credit and vulnerabilities from mortgaging homes and businesses are not of concern at this time.

The RBF has released its Financial Stability Review for 2019.

Governor Ariff Ali says although ratings of the broad macroeconomy have not changed, risks and vulnerabilities are higher due to challenging conditions – largely in the local economy.

The Report says economic growth has been revised downwards to one percent because business confidence has been persistently weak, and various sectors have had generally lower performances.

Ali says despite these headwinds, the financial system remains stable and functional. Non-performing loans however have increased slightly.

The financial system has been assessed as sound and resilient supported by improved capital and liquidity ratios.