Loans

Expert: The Risk For Fraudulent Loans after the NRA Data Leak Is the same that Existed before

The personal data leak from the NRA system does not increase the risk of fraudulent loans, Nikolai Tsvetanov, of the Association for Responsible Non-Bank Lending, said in an interview with Horizon on BTR. According to him, if there is a loan fraud, it can only be done with the assistance of a person from the lending institution: "There is no additional, huge risk for consumers.

Investbank Provides Loans for Undergraduate and Doctoral Students

From the beginning of the 2019/2020 academic year, Investbank will provide loans to undergraduate and doctoral students after concluding a contract with the Ministry of Education and Science for lending to undergraduate and doctoral students with state financial support. The student loan system guarantees access for young people to higher education, regardless of their social status.

55% of People who Don't Live in their Own Home Intend to Buy One

55% of people who do not live in their own home intend to buy one, with nearly half of them indicating housing credit as the primary means of financing it. The data is from a nationally representative online survey conducted by Gemius Bulgaria on Postbank's request. On the second place, 25% of the respondents said that it it is possible to finance the purchase with their own funds.

Kazakh President Kassym-Jomart Tokayev Writes-off Millions of Dollars of People's Debts

Kazakh President Kassym-Jomart Tokayev ordered a write-off of millions of dollars in debt for some of the poorest families in the country. The decision will release a total of 255,000 people from debt while at the same time alleviating the situation of thousands of others.

Eurozone banks are still piling up new bad loans

Eurozone banks are still seeing a "high" number of loans go unpaid and borrowers declare default despite years of economic growth, the European Central Bank's top supervisor Andrea Enria said on Friday.
But Enria also praised the sector's "ambitious" plans to reduce a mountain of nonperforming loans (NPLs) inherited from the last recession.

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