No provision for deferring NPLs

Finance Minister Namgay Tshering says there will be flexibility if the country’s economy improves Financial Institutions (FIs) will not provide further deferment of Non-Performing Loans (NPLs) as it would be a great risk to the economy of the country with high NPLs in the future. This was informed by the chairman of the Financial Institutions […]

Request made for approval of third-party collateral, working capital, and loans deferment

The chairman of FIAB, however, claimed that financial institutes must abide by the rules and policies The president of the Construction Association of Bhutan (CAB), Trashi Wangyel proposed and requested three clarifications from the Financial Service Providers (FSPs) during the second round of discussion held on July 18 between the private sector and the chief […]