Bad debt measures to go into effect Business

Bad debt measures to go into effect

A National Assembly resolution on non-performing loans will take effect on August 15 with lawmakers hopeful it will help resolve much of the remaining bad debts held by commercial banks and real estate projects across the nation.
Credit firms struggle to retrieve collateral Business

Credit firms struggle to retrieve collateral

While handling pledged assets is considered an effective tool for credit institutions to retrieve debts and reduce non-performing loans, gaps in regulation have been hindering progress on this front.