Debt

Banks in Romania have solved 83pct of the 317,000 requests from customers to suspend installments

The banks in Romania have solved, two months after the onset of the health crisis generated by the COVID-19 pandemic, more than 83pct of the approximately 317,000 applications submitted by customers, individual and legal persons for the suspension of monthly payment obligations from credit agreements, announced on Monday the Romanian Association of Banks (ARB).

Greece’s debt growing but ‘manageable,’ says ESM chief Klaus Regling

Greece's debt is "going up" but is "manageable" coming out of the double debt and health crisis because its annual servicing cost is much lower than in many other countries, the head of the European Stability Mechanism, Klaus Regling, said in an interview published on Tuesday.

EU countries to be allowed to grant subordinated debt to virus-hit firms, sources say

EU countries will soon be able to grant subordinated debt to prop up virus-hit economies, people familiar with the matter said on Saturday, as state aid regulators once again loosened rules to make it easier for companies get state support.

Debt relief only after complete asset liquidation

Debtors will enjoy total relief from their debts to banks, the state and other creditors 24 months after they file for bankruptcy and 12 months after the actual bankruptcy comes to a close, provided they have had all their assets liquidated after a court decision, according to the new bankruptcy code blueprint Kathimerini has seen.

Debtors to lease back their homes

The new bankruptcy code will provide for the main residences of bankrupt borrowers considered financially vulnerable to be transferred to a state entity and leased back to the original owners. This will replace the existing framework for the protection of debtors' main residence from repossession.

Turkish banking authority reiterates call for flexibility

Turkish state-owned lenders have created an extra credit volume of 27.5 billion Turkish Liras (about $4 billion) in the last 10 days, the head of the country's banking watchdog has said, criticizing the private banks for the contraction of their credit pool some 5 billion liras ($737.2 million) in the same period.

Pages