Loans

“Those who are cooperative borrowers and it is objectively impossible for them to pay off their loans should not be afraid of the auctioning of their primary residence,” the president of Hellenic Bank Association and National Bank governor Louka Katseli  answered to a clarifying question of Athens News Agency on the code of conduct of the Bank of Greece.

The list of the measures to be implemented is going to be approved today at Euroworking Group which is conducted via teleconference.

NBS Governor Jorgovanka Tabakovic has said that she expects interest rates on bank loans to be reduced.

According to her, this should happen "given that the central has recently cut the reference interest rate to five percent."

Turkey's economy has been going through serious financial fluctuations since the second half of 2013 and this is continuing. Even if industrial firms tried not to lose their gross sales profits, they had to share a significant portion of it with the banking-finance sector as "interest." 

The Turkish government plans to ease consumer loan conditions to revive the declining domestic demand just ahead of the upcoming elections, according to a report in daily Hürriyet.

n this vein, banking watchdog BDDK has been asked to prepare a revision to extend payment terms in consumer loans from 36 months to 48 months, sources said. 

Postbank will provide support to micro, small, and medium-sized enterprises in Bulgaria through loans worth a total of BGN 30 M granted under preferential terms.

The funding has been provided under a partnership agreement under the new program of the Bulgarian Development Bank for indirect financing of Bulgarian businesses, according to the press office of the bank.

Greeks are resorting to negative interest rates, taking their money out of local lenders and placing it in foreign bank accounts – in effect choosing to pay a premium for the protection of their capital.

 Banks avoiding issuing loans and clients aren?t applying

By Yiannis Papadoyiannis

The credit market has been in a comatose state since March, when the disbursement of new loans started to nose-dive and demand for new loans plunged to historic lows.

By Yiannis Papadoyiannis

Greek banks are facing the specter of nonperforming loans climbing to 100 billion euros ? or 45 percent of all loans issued ? in the coming months owing to the seemingly endless uncertainty in the local economy.

Turkish lender Yap? Kredi said on May 4 it had made a 364-day and 367-day syndicated loan agreement comprised of a U.S. dollar tranche of $513 million and a euro tranche of 835 million euros.

?This syndication is the successful refinancing of Yap? Kredi?s existing syndication loan signed in April 2014 with a roll-over ratio of above 114 percent,? the bank said in a statement.