Banks are quietly abandoning private sector
Lured by risk-free government bonds yielding 12%, the country’s banks have turned their backs on private borrowers. Now private credit has hit a 21-year low, capital adequacy has collapsed, and...
Lured by risk-free government bonds yielding 12%, the country’s banks have turned their backs on private borrowers. Now private credit has hit a 21-year low, capital adequacy has collapsed, and...