Figure 4
A line graph compares agricultural and total banking sector non-performing loan ratios from 2015 to 2022. The horizontal axis represents time in months, ranging from 2015 to 2022. The vertical axis represents the NPL ratio in percent, ranging from 10 to 40 percent. Two lines are plotted: a solid blue line for the agricultural NPL ratio and a dashed orange line for the total banking sector NPL ratio. The graph includes two vertical dashed lines marking significant events: a recapitalization in September 2017 and the onset of COVID-19 in March 2020. The agricultural NPL ratio shows a general upward trend until 2018, peaks around 35 percent, then declines with fluctuations. The total banking sector NPL ratio also rises until 2018, reaching around 25 percent, and then decreases with minor fluctuations.Sectoral NPL Ratios (2015M01–2022M12). Source: Author's construct based on data from the research department of BoG