The former central bank head's warning against unrealistic profits; Money that may be in the accounts, but not collected.
Profit on paper, loss in reality; Who checks bank accounts? When a bank declares a profit, does all this profit have a reliable financial backing? Can receivables that have not been collected for years still be a basis for revenue recognition? The new warning of Walilala Seif, the former head of the central bank, about hidden losses and unsubstantiated profits, raised again one of the most sensitive issues of our country's banking system; An issue whose effects may go beyond the banks' balance sheets and affect the banks' capital, production financing and public trust. Click the link below to read more.