Mauritius looks to set up asset management company
Borrowing Act failed to resolve the issue of NPLs
The Bank of Mauritius is looking to establish an asset management company, it announced today (January 8), as it launched a public consultation on the subject. The central bank aims to address "the adverse impact" of non-performing loans (NPLs) on financial stability.
"The setting-up of an asset management company, as a specialised institution to take over NPLs from banks will assist to clean up clogged balance sheets of banks and release capital ascribed as provisions," the bank says.
As of
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