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Despite positive economic sentiment and growth prospects, increases in lending, post COVID, in GCC indicate a maturing credit cycle. Increased cost of living and broad inflationary pressures signal that that lenders will profit form digitalizing their collections operations in advance of a looming increase in non-performing loans (NPLs).
The current economic outlook in Eurozone indicates that lenders should focus on their collections operations. A maturing credit cycle compounded by cost of living increases and low-growth suggest a looming increase in Non-performing loans (NPLs). In this article, A&M takes an in-depth look at the main reasons why lenders should be investing in their collections operations, as well as the key takeaways and next steps required to drive this optimisation and ensure success.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
