Bad debt level for listing eligibility under 3%

Credit institutions with a bad debt ratio of 3 per cent will not be allowed to list shares on the stock market, according to a State Bank circular which will take effect on October 29.

The regulated ratio is supervised during the two quarters prior to the proposal to list shares.

Additional criteria include at least two years of operation, making profits for the two years prior to the proposal and facing no administrative penalties.

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