Loans
Gov't may take care of civil servants' bad loans
The government is now promising to acquire the nonperforming loans of public sector employees, with Economy Minister Dimitris Papadimitriou saying it is possible that a legal amendment might be introduced to that effect soon.
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Housing Loans Show Remarkable Growth in 2017
Statistics of the Bulgarian National Bank (BNB) have finally detected a significant upheaval in the credit market after years of freezing around zero. Housing loans have risen most heavily - with a significant 7.4% last year, the figures show. In absolute terms, the increase in mortgage loans is close to BGN 650 million.
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Half of the NPLs in the eurozone are in Greece
There are fewer bad loans on the balance sheets of European banks but they remain high, the European Commission said on Thursday as it prepares to push through measures to force higher provisioning for soured debt despite the opposition of big lenders.
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Nearly 36 percent of Turkish college students hold jobs to cover expenses
Almost 36 percent of college students in Turkey work jobs to cover their expenses despite the support they receive from government loans, credits and their families, a Young Worker’s Association survey has revealed.
Italian firm to undertake Greek NPLs
Italy's biggest bad-loan manager, doBank, will undertake the loans of some 400 Greek small and medium-sized enterprises which owe Greek banks a total of 2 billion euros.
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Debt management firms fully empowered to tackle bad loans
Borrowers who have applied for protection under the so-called Katseli law are no longer exempt from being included in the loan packages banks have put up for sale.
Plenty of challenges for local banks in 2018
The stress tests that will start shortly and reducing nonperforming loans are the main challenges Greek banks will face over the course of 2018.
Their performance on those two fronts will determine to a great extent whether they manage to avoid another recapitalization.
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Banks offer borrowers haircuts of up to 90 pct
Greek lenders are proposing huge haircuts, ranging from 70 to 90 percent, for borrowers with debts from consumer loans, credit cards or small business loans without collateral.
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Strategic defaulters are legion
Banks have strong indications that the number of borrowers who do not meet their obligations despite being able to - known as strategic defaulters - is considerably higher than originally thought, with online auctions helping to identify many more.
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World Bank: Sound Insolvency Regimes may Encourage Entrepreneurship
The beginning of the new millenium was a period of significant reform in Slovenia as the country prepared to join the European Union in 2004. A new insolvency law was adopted in 2007 but it was inadequate, it did not cope with the challenging economic and financial conditions brought on by the global financial crisis of 2008; many companies became insolvent.