Banks to reduce disbursement of unsecured loans

77 views · Published 22 September 2017 · 2:40 · Indexed 22 September 2026

Channel: KBC Channel 1 · 2017 · News & Politics

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Banks are expected to further reduce disbursement of unsecured loans from January next year once they adopt the new International Financial Reporting Standard that requires higher loan loss provision. Experts say adoption of the new global accounting rules that require financial institutions to project toxic loans for the next 12 months and make provisions, would help local banks reduce bad loans by half.
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