“We need that optionality to be able to manage our capital efficiently,” stated the BOI CEO. Bankspeak translation: We might sell off your loan even though it’s ‘performing’ (being paid on time) because we still classify it as ‘non-performing’.
“We need that optionality to be able to manage our capital efficiently,” stated the BOI CEO. Bankspeak translation: We might sell off your loan even though it’s ‘performing’ (being paid on time) because we still classify it as ‘non-performing’.