"The Governor of the Central Bank of Liberia, Dr Joseph Mills Jones, said the major challenge facing the banking sector in the West African sub-region was the high level of incidence of non-performing loans, which had left commercial banks in the sub-region rocking the boat of bad debts"
Common sense by this man,will it make any difference,of course not, why because MOST OF Africa lives on credit and "loans" which stand little or no chance of being repaid.Those with big money always want more and the African management in MOST of African banks leaves a lot to be desired,no difference at all to the western banks,but their ways tend to be a little more difficult to unravel! fiddling with the Libor rate,for example.
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Posted - 26 Jul 2012 : 12:12:52
