Often banks are lending money to people who are well connected politically. Later in some cases, the borrower does not repay the loan as promised, and the bank makes a loss, has non performing assets. Do banks in your country have a large number of bad loans?
Banks unable to recover loans
- Thread starter neku
- Start date
eLdavis
Media Lab Marketing Team (Digital Promoters)
Staff member
Digital Promoter
Gold Supporter
Literary Virtuoso
Registered Member
- Joined
- Sep 21, 2023
- Messages
- 12,349
- Reaction score
- 870
- Trophy Points
- 0
- Location
- Nigeria
- D Bucks
- 💵17.272525
- Referral Credit
- 0
I don't know about this though, but I do know there are some cases of bad debt from time to time but I don't think it's something that happens on a regular basis.
In my country it does not apply like that, anyone who borrows money personally from a bank (whether the president, high-ranking state officials, etc.) especially in large amounts must pay their debts or confiscate the collateral for the debt, if there is such a case after the president or official retires, they will be tried by the community.
Banks also incur had debts. That's the reason they have to be more careful before they disburse loans.
This one is everywhere even in my country here. the greedy politicians and business owners are just very mean.
