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.
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.
From the get-go the incoming government is confronted with a series of major problems that must be tackled immediately.
It is indicative that after the government was sworn in, the first two conferences dealt with the faltering Public Power Corporation (PPC) and the huge issue of non-performing loans (NPLs).
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.
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.