More than half Crown Regional Holdings/Provincial Growth Fund loan book ‘at risk’

More than half of the $257 million loan book held by Crown Regional Holdings (CRH), a government entity, is at risk of impairment or default, with 54% classified as significantly at risk, up from 40% the previous year. The annual report revealed that CRH impaired $19.3 million in loans in 2024, following $17.4 million in 2023, amid growth in the loan book due to government funding for regional projects.

Explain It To Me Like I’m 5:

Many loans made by the government to help towns are now in danger of not being paid back.

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