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.

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.

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.

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