Loans

By Dimitra Manifava

The plan prepared by the Development Ministry for the extrajudicial settlement of bad corporate loans features more flexible criteria for businesses wishing to enter the process, in a bid to have as many debtors as possible pay at least a portion of their dues.

Croatia's Bank for Reconstruction and Development, HBOR., is to set aside businesses 280 million in loans in 2015.

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A prosecutor in charge of investigating corruption claims in Thessaloniki, Argyris Dimopoulos, has ordered a preliminary probe a large loan issued by Proton Bank before the lender was split into parts and liquidated, the Athens-Macedonia News Agency reported on Tuesday.

Turkey’s banking watchdog has given permission to the largest state-run lender, Ziraat Bank, to establish an Islamic lender with a paid-up capital of $300 million

Bad and restructured corporate loans went up by BGN 43 M in August to a rate of BGN 9.67 B, according to data of the Bulgarian National Bank (BNB).

The trend has been reversed, with companies covering increasing portions of their debt on time over the past few months, according to Standard daily,

63% of Bulgarians have taken out a consumer loan and half of them are ready to take out a new loan, according to a survey.

According to the survey, as cited by private TV station bTV and Sega daily, 37% of Bulgarians refrain from taking out loans because they fear that they will run up debts.

Businessman Kyriakos Griveas and his wife, Anastasia Vatsika, were granted an extension to submit their depositions after facing an Athens magistrate on Thursday.

The couple is facing charges for allegedly receiving unsecured business loans worth 17 million euros from the Hellenic Postbank (TT). The funds allegedly ended up in their personal accounts.

Islamic lender Bank Asya’s shares have bounced back from record lows after three straight days of losses, as investors wanting to reduce costs rushed to buy the shares of the lender, which has been at the center of a political feud.

The Turkish government has said the ball is in the court of the country’s banking watchdog, regarding Islamic lender Bank Asya’s efforts to recover its collapsed capital base.

Islamic lender Bank Asya, who has been shaken by a series of blows to its financial strength, released a statement in local newspapers to condemn the media reports it accused of conducting a “systematic smear campaign” against the lender.