Tag Archives: Bad loans of NBMFCs surge by 347pc

KARACHI: Classified assets of non-bank microfinance companies (NBMFCs) surged almost 347 per cent in 2020, according to the latest Financial Stability Review of the State Bank of Pakistan (SBP). The central bank has dubbed the steep rise in the NBMFCs’ classified assets, which are loans with a high probability of default, a “real cause of concern”. NBMFCs form the largest …

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