NPLs rampant in recession
Anticipating borrowers’ inability to service their loans in a Covid economy, the BoN increased its NPL trigger for banks from 4% to 6%.
Jo-Maré Duddy – Non-performing loans at local commercial banks totalled more than N$4.99 billion at the end of last year, nearly N$3.8 billion or 312% more than 2016, Namibia’
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