—- Citibank Assures Creditors Amid Central Bank of Liberia Financial Constraints
IPNEWS: Cititrust Savings & Loans Liberia Limited has formally assured its creditors, partners, and depositors of an imminent injection of fresh capital to guarantee liquidity and absolute balance sheet stability.
In a statement issue in Monrovia, CITITRUST Management states that Announcement by the CBL serves as a direct intervention following localized operational bottlenecks and growing system-wide anxieties regarding non-performing loans (NPLs) across the Liberian banking sector.
The management acknowledges minor transaction delays had occurred due to enhanced regulatory and internal verification procedures. However, leadership strongly refuted allegations of institutional insolvency.
“Cititrust remains fully operational, liquid, and strictly compliant with all legal and regulatory frameworks mandated by the Central Bank of Liberia (CBL),” the bank statement read.
“To demonstrate our enduring commitment to the Liberian economy and to reinforce the absolute safety of customer deposits, we are finalizing a strategic capital infusion.”
The promised recapitalization is aimed at providing an extensive liquidity buffer to navigate the macro pressures currently challenging domestic credit markets.
Cititrust’s proactive liquidity assurance coincides with an aggressive, multi-agency push by the Liberian government to clean up toxic debt portfolios across commercial banking. High concentrations of non-performing loans have historically constrained private sector credit growth throughout the country.
Key components of the shifting regulatory environment include the Central Bank of Liberia, in collaboration with the World Bank, recently convened a national summit establishing a structured NPL Resolution Policy Roadmap. This initiative aims to address weak underwriting, close credit information gaps, and accelerate slow insolvency processes, couple with the Liberia’s banking system has historically grappled with system-wide NPL ratios significantly higher than the CBL’s 10% target threshold. This reality has forced institutions to hold tighter lending parameters and bolster cash reserves, including CBL tightened baseline requirements, setting the mandatory minimum capital base for commercial banks at $15 million, taking full regulatory effect by December 31, 2026.
To combat visual speculation and panic, Cititrust has deployed dedicated teams at its Head Office in Monrovia to streamline customer withdrawals and answer creditor inquiries firsthand. Meanwhile, Depositors seeking direct support or account updates are encouraged to engage the bank’s specialized customer care lines or visit local branches directly.
By pledging a definitive capital infusion, CITITRUST aims to firmly separate itself from distressed market speculation, reassuring international correspondent partners and local stakeholders alike of its long-term corporate health.
