What would I do?19 Oct 2020 15:00
If GJ spent time with the complaints team last week. . perhaps if some of the legacy issues are a bit of a nightmare, taking the view that returning to lending is one of the key priorities. So assuming that a new compliance process has been almost finalised, making a voluntary decision to freeze distributions and such the like is a prudent call and one step closer to getting approval to start lending again? If I was GJ I would perhaps play this card. Lending again is one of the key drivers for long term success but most importantly, keeping the loan holders happy. If they can see business activity that is returning to profit, slowly but surely, this would perhaps keep them happy. Amigo needs the backing of debt finance in order to make the loans in the first instance. Thoughts anyone?