The Private Bank Association (BAB) sent a letter to the then Central Bank Governor requesting a revision of a recently implemented rule concerning the classification of overdue loans. Previously, loans were categorized as overdue if they remained unpaid for six months past the due date, but recent reforms have shortened this period to three months.
With the previous government now out of office, other BAB members are starting to voice their concerns. They claim that the association’s decisions were often driven more by the chairman’s preferences than by the collective opinions of its members. Additionally, they argue that well-performing banks have minimal influence in the association’s decision-making processes. The chairman of Prime Bank has stated that while such concessions might provide temporary relief for businesses, they do not represent a sustainable solution.
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