Rising bad debt putting brakes on lending by financial firms

Rising bad debt putting brakes on lending by financial firms

The country is grappling with soaring bad debt and a surge in black credit, straining legitimate consumer finance firms and impacting vulnerable communities.
Information asymmetry and lack of knowledge hampers consumer finance

Information asymmetry and lack of knowledge hampers consumer finance

As consumer finance is gaining traction, the lack of financial knowledge and the inability to track debtors are increasing risks and cause unnecessary hassle.
Banks not in haste to establish financial firms

Banks not in haste to establish financial firms

Unlike in previous years, founding financial firms or boosting consumer loans has not been among the hot topics at banks’ annual general shareholders’ meetings this year.