Loans
Companies in better shape than expected, some soft spots
Ljubljana – Slovenia has spent billions to help companies weather the coronavirus crisis and keep unemployment low. Business associations say companies are currently in good shape overall, but they highlight pockets of problems, especially among SMEs and in industries that were shut down for a long time.
Interest-free property funding legislation enters into force
Turkey's new regulation governing the interest-free funding market for housing and car sales took effect as it was published in the Official Gazette on March 7.
The Turkish Parliament approved the legislation last week, clearing the way for a possible boom in a system that has already drawn around 300,000 customers keen to avoid sky-high interest rates.
State’s exposure in loan deferral scheme at EUR 2.6 billion
Ljubljana – Banks and savings banks in Slovenia received until the end of February a total of 28,485 applications under the government’s scheme that enables loan takers to request a deferral of loan payments. More than 85% of the applications have been approved, with the total exposure related to these loans amounting to EUR 2.6 billion.
Bulgaria: Problem Loans Increase in 2021
Bad and restructured loans increased by BGN 178 million, or 3.75% in January compared to the previous month, according to BNB data.
These loans are already BGN 4.94 billion and they are already 8% of all credits.
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Bulgarian National Bank Reports Boom in Bad Fast Loans
Against the backdrop of quick money ads flooding the public domain, the Bulgarian National Bank reported a boom in un-serviced fast loans.
Credit for small companies
Banks will issue loans up to 50,000 euros each to very small enterprises with an annual turnover of no more than €200,000 in the context of the new Guarantee Fund of the Hellenic Development Bank that is expected to start operating in early March.
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Up to 50 pct haircut expected on state loans issued
Last week's European Commission decision on state subsidies to pandemic-riven enterprises has triggered the Finance Ministry's planning for a haircut on the debts from the first three phases of the cheap state loans program known as the "Deposit To Be Returned." This has effectively allowed the government to turn a part of those loans into grants for companies.
Banks have frozen loans of €28.4 bln
Banks and servicers are in a race against time to reach settlement agreements over nonperforming loans and suspended loan tranches in a bid to stem the impact of the pandemic crisis, according to Finance Ministry data.
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‘Gefyra 2’ to have criteria established
The criteria for the state subsidy program for business loans taken out by companies battered by the pandemic will be discussed in conference calls the Finance Ministry will have with European Union officials next week.
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BoG warns of bad-loan danger
Out of the 21 billion euros in loans under a moratorium due to the pandemic, more than 80% had previously been performing, according to the Bank of Greece's Credit Stability Report published on Thursday.
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