Loans
Two-thirds of Slovenian households loan-free in 2020
Ljubljana – Just over one out of three Slovenian households (36%) had at least one loan or instalment purchase to repay last year, excluding mortgage on their home, and about half reported making just as much to make ends meet without having to borrow or saving anything, according to a report by the Statistics Office.
BNB Set to Restrict Mortgage Loans
The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient reserves to cover losses on non-performing loans. As a rule, the buffer is increased when it is necessary to "cool" a large increase in credit.
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One in two household survives on loans each month
Almost one in two Greek households is forced to cover daily needs by borrowing. The financial crisis of recent years and the pandemic of job suspensions in several sectors of the economy since March 2020 have created a suffocating barrier for households, leading them to borrow so that they can survive.
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Banks asked to prepare long-term NPL strategy
Banks operating in Turkey have been obliged to submit a new long-term credit strategy plan and establish a separate unit to oversee it, according to a revised banking regulation published in the Official Gazette yesterday.
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Akbank apologizes for transaction disruptions
Turkish private lender Akbank on July 7 apologized for a major failure in its digital systems that left thousands of customers unable to make any transactions over the internet or at the bank's branches.
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BoG Gov: Coronavirus mutations – danger for the economy
According to the Governor of the Bank of Greece, Giannis Stournara, the forecasts for a rapid recovery of the Greek economy from now on are subject to significant risks related to the evolution of the pandemic nationally and globally.
Economy Minister Announces New Loans to Help Small and Medium-seized Businesses in Bulgaria
The Bulgarian Ministry of Economy has signed an agreement with several commercial banks and now small and medium-sized businesses can apply for loans without collateral. This was announced by the Minister of Economy Kiril Petkov at a briefing on Tuesday.
Turkey's Yapı Kredi secures $962 mln syndication loan
Yapı Kredi, Turkey's third-largest private lender, announced on May 21 it had successfully inked a $962 million syndicated loan agreement for the first half of the year with the participation of 42 banks from 20 countries.
How Do Foreigners Buy Real Estate in Serbia?
Housing loans are approved even to non-residents, but with slightly higher interest rates than to Serbian citizens.
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EUR 103 million available for SME liquidity guarantees
Ljubljana – The Slovenian Enterprise Fund has issued a call for bank loan guarantees worth EUR 103 million for micro, small and medium-sized companies. It plans to support around 650 projects.
Under the facility, companies can secure bank loans under favourable conditions and with a subsidised interest rate, the fund said on Friday.