Over R63 million in unpaid SBFA loans set for write-off by DBS |26 February 2026

SS Payet accompanied by Ms Preira during the press conference

Over R63 million in unpaid SBFA loans set for write-off by DBS

By Patsy Canaya

The Development Bank of Seychelles can now start procedures to write off prescribed loans under the Small Business Finance Agency portfolio it administers as announced by President Patrick Herminie in his State of the Nation Address late last month.

The Development Bank of Seychelles (DBS) was notified yesterday by the Minister for Finance, Economic Planning, Trade and Investment, Pierre Laporte, who is the sole person mandated under the Public Finance Management Act to issue such a notification.

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