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Non-performing loans (NPLs) represent a special type of risk and finding an adequate systemic and uniform solution is very difficult, says Hasan Hanic.

The dean of the Belgrade Banking Academy told the Biznis magazine that "every NPL must be analyzed and assessed individually, in particular considering surety instruments, which determine the degree of their performance."

Government’s final draft includes details of the non-performing loans (“red loans”) and indebted households without, though, being approved by the lenders.

The draft provides a transitory period for non-performing loans, whether they remain in banks or are transferred to non-banking financial companies.

An agreement between Greece and its lenders will lead to the vast majority of non-performing loans (NPLs) linked to primary residences with a taxable value under 140,000 euros being protected from sale until 2018, Economy Ministry sources have said.

The government tabled a proposal for a parliamentary examination committee to investigate the legality of bank loans given to political parties and media companies, as Prime Minister Alexis Tsipras had announced in Parliament during debate on justice issues.

President Recep Tayyip Erdo?an has repeated his opposition to higher interest rates and vowed to continue fighting against the "interest rate lobby," speaking on Feb. 26 at the opening ceremony of Vak?fbank Participation Bank, Turkey's sixth Islamic lender. 

Moody's became the third big agency to cut Brazil's credit rating to junk on Feb. 24, citing mounting debt and political instability in Latin America's biggest country.

Fitch Ratings said it expects Turkish Islamic banks' loan growth to remain above the sector average, supported by new entrants to the market and increasing penetration, despite intense competition from conventional banks in a written statement on Jan. 25. 

Collection companies will be formulated to collect debt loan repayments as one of the prior actions that will immediately go into effect in an omnibus bill that was submitted in Greek Parliament on Sunday. The new bill will be voted on during the plenary session on December 15.

The social security gap between the government goals and the creditors demands was examined on Thursday in a long meeting that ran until past midnight on Friday with an agreement over a new privatisation fund and the Independent Power Transmission Operator (ADMIE).

Deputy Prime Minister Mehmet ?im?ek has said preparatory work to launch a coordination mechanism for Islamic banking in Turkey have started, and the related circular note has recently been sent to the Prime Ministry.