Sudan banks ordered to pursue unpaid loans despite war risks

Sudan banks ordered to pursue unpaid loans despite war risks

Sudan’s Central Bank has ordered commercial banks to intensify efforts to recover non-performing loans, underscoring tensions between stabilising the banking sector and supporting a war-damaged economy. In a directive, banks were instructed to activate debt-collection units, pursue legal action and, where necessary, seize or liquidate collateral tied to unpaid loans. Lenders must also submit monthly recovery reports, with management performance …