Loans
Turkish banks see strong appetite for credit: CEO
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.
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Strict criteria
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.
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Financial Problems for 1/3 of the Construction Companies in Bulgaria
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.
Chance for borrowers to match fund bids as tested in Cyprus
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).
Chance for borrowers to match fund bids?
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).
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Banks optimistic on NPL reduction
This year is set to be a tough one for local banks, as by end-December they have to reduce their stock of nonperforming exposures (NPEs) by some 14 billion euros.
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Major interest in Attica Bank NPL portfolio
Twelve investment funds have expressed an interest in the securitization of a portfolio of nonperforming loans with a face value of 700.5 million euros that Attica Bank's management is offering for sale.
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IMF: Capping interest rates would adversely affect financial stability
The International Monetary Fund (IMF) has recommended Romania to avoid legislative initiatives aimed at capping interest rates for household lending and the prices at which individuals re-purchase debts acquired by third parties, according to a concluding statement released on Friday at the end of consultations with Romania under Article IV.
Credit sector made extra provisions of 5.7 bln
Greece's systemic banks made additional provisions of 5.7 billion euros for tackling nonperforming loans (NPLs) in the context of adopting the new international financial reporting standard (IFRS9).
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Banks rebuy 8 in 10 homes they auction
Eight in 10 foreclosed properties put up for auction by banks are acquired by the lenders themselves, as prices are failing to attract private buyers.
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