Loans

Banks are preparing to make joint proposals for the settlement of bad mortgages (with write-offs of up to 50 percent) and bad consumer loans (up to 90 percent) to almost 157,000 debtors who have filed for protection under the provisions of the so-called Katseli Law.

The European Central Bank will obtain direct and in-depth access to banks' loan portfolios in their entirety through a huge statistical project named "Analytical Credit Dataset" (or "Anacredit" for short), which is currently under development.

It will take Greek banks about a decade to bring their nonperforming loans down to the levels of their European peers, according to DBRS.

The Greek real estate market is currently quite fragmented, as 2017 signaled the recovery of certain categories, the stabilization of others and the continued decline of the rest of the market.

Authorities are considering a proposal that foresees banks being offered collateral for nonperforming loans through a special investment vehicle for their immediate capital relief and the efficient tackling of the bad-loan problem. Kathimerini understands that a study to that effect has already been processed by the Hellenic Financial Stability Fund.

Turkey's lenders continue to see strong appetite for credit, the chief executive of the country's largest lender by assets has said, underlining healthy growth in investments and exports.

Businesses and individuals who make sure they have honored their obligations toward the taxman have every reason to be outraged.

For example, entrepreneurs who make their loan repayments on time feel stupid when banks offer privileged terms to businesses that have been badly managed and which are obviously unsustainable.

One third (31%) of Bulgarian construction companies are experiencing financial difficulties and this remains a risk factor for the construction sector in Bulgaria, according to data from the consulting company for risk management Coface presented on Wednesday and quoted by Investor.bg.

Borrowers should have the first option to buy back their loan at the same price as that for which their creditor would sell it to a fund, according to a joint proposal tabled yesterday by the plenary of Greek bar association presidents, the Economic Chamber of Greece (OEE) and the Technical Chamber of Greece (TEE).

Borrowers should have the first option to buy back their loan at the same price as that for which their creditor would sell it to a fund, according to a joint proposal tabled yesterday by the plenary of Greek bar association presidents, the Economic Chamber of Greece (OEE) and the Technical Chamber of Greece (TEE).