Sunday October 25, 2020

Growing numbers of credit unions in difficulty

More credit unions are expected to seek financial support in the coming months as mounting losses and asset writedowns take their toll on the balance sheets of the community lenders.

29th September, 2012

More credit unions are expected to seek financial support in the coming months as mounting losses and asset writedowns take their toll on the balance sheets of the community lenders.

Today is the end of the financial year for credit unions. The Central Bank, as well as sources within the sector, are expecting this year's returns to show a further deterioration in the financial positions of several institutions, forcing them to seek help either from...

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