Friday, 22 May 2020

Debtors Africa in partnership with Proshare Launches Searchable Database on Delinquent Debtors and Report on NPLs

The Debtors Africa Website is a searchable database of delinquent borrowers which enables speedy assessment of the character of a prospective customer.

Debtors Africa – an independent searchable database of recalcitrant and delinquent debtors in Africa was launched into the market today, in addition a Debtors Report – a comprehensive analysis of the Debt/Non-Performing Loans Situation in the Nigerian Banking Industry was also presented for information.

The report which was done in partnership with Proshare, represents a culmination of a detailed review of the credit experiences of local Nigerian banks in the last two decades and reveals the challenges of a local lending cycle that has seen lenders become victims of the tyranny of bad and delinquent debtors.

The report makes a case for a new approach to the lending cycle to ensure that integrity, professionalism, and evidence-based best lending practices are strictly followed to guarantee the sustainability of the financial system and the prosperity of the larger economy.

Key highlights of the report include:

  • The Industry & its Debt Position
  • Definition of a delinquent debtor and how this has changed over the years including how banks end up with bad debtors
  • The Sectors & Regions affected & Impact on GDP
  • Provisions of the law as regards credit collection and recovery in Nigeria
  • The AMCON approach, lessons learnt, and the way for banks to adopt a revised credit recovery framework
  • Case Study of approaches adopted in recovering debt; and
  • Fresh methods a New Approach offers to banks troubled by delinquent debts

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