Credit
Banks fear NPL sum will reach 100 bln euros
By Yiannis Papadoyiannis
Greek banks are facing the specter of nonperforming loans climbing to 100 billion euros ? or 45 percent of all loans issued ? in the coming months owing to the seemingly endless uncertainty in the local economy.
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Turkey ready to put up capital for Islamic megabank: Deputy PM Babacan
Deputy Prime Minister Ali Babacan has said Turkey, Indonesia and the Islamic Development Bank have accelerated their efforts to establish a "megabank" with the aim of creating a platform to serve as a "central bank" for the world's Islamic lenders, as reported by Reuters.
Turkey's Yap? Kredi secures syndicated loans
Turkish lender Yap? Kredi said on May 4 it had made a 364-day and 367-day syndicated loan agreement comprised of a U.S. dollar tranche of $513 million and a euro tranche of 835 million euros.
?This syndication is the successful refinancing of Yap? Kredi?s existing syndication loan signed in April 2014 with a roll-over ratio of above 114 percent,? the bank said in a statement.
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Tackling NPL issue requires coordinated action
BELGRADE - The resolution of non-performing loans (NPL) must be financed by the private sector, while the public sector should provide support through regulatory incentives, the participants of a two-day conference on problem loans, hosted by the National Bank of Serbia (NBS), said on Wednesday.
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Greece to present reforms draft to creditors to unlock loans
Greece says it will discuss with its creditors on Thursday a draft bill of reforms it hopes will earn their approval and pave the way for the unlocking of vitally needed bailout funds.
Piraeus Bank writes off crisis-hit clients' debts
By Evgenia Tzortzi
Piraeus Bank has decided to write off debts of up to 20,000 euros stemming from consumer loans and credit cards for its clients who qualify to benefit from the government?s measures against the humanitarian crisis. The bank will also freeze debts from mortgages for the same category of citizens, it announced yesterday.
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Pimco says 30 pct chance of a Greek exit has it keeping powder dry
By Benjamin Purvis
There's a 30 percent chance Greece ends up dropping out of the euro area by accident and if it does then that might make Italian and Spanish debt a good buy, according to the manager of the world's biggest bond fund.
Unclear strategy has everyone puzzled
Some expect the gov?t to back down, others expect it to hold on to its red lines even if that leads to default
By Dimitris Kontogiannis
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New bank programs to contain bad loans
By Evgenia Tzortzi
Local banks are offering new programs for the settlement of outstanding loan payments, providing for the postponement of debt payment for up to 10 years. The new programs will likely become available to bank clients as early as next month.
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S&P lowers ratings for Greece
The Standard & Poor’s ratings services lowered its long- and short-term sovereign credit ratings for Greece to ‘CCC+/C’ from ‘B-/B’.
At the same time, S&P removed these ratings from CreditWatch, where it had placed them with negative implications late January 2015. The outlook was given as negative.
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