Non-performing loan

Alpha and Aktua form venture to tackle nonperforming loans

Alpha Bank will form a joint venture with Spain's Aktua to manage a loan portfolio adding up to 11 billion euros and find solutions such as debt haircuts or property sales for the borrowers. The portfolio will consist of mortgages, consumer loans and even some small corporate loans that have been delayed for at least a year.

No uniform solution for NPLs, expert warns

Non-performing loans (NPLs) represent a special type of risk and finding an adequate systemic and uniform solution is very difficult, says Hasan Hanic.

The dean of the Belgrade Banking Academy told the Biznis magazine that "every NPL must be analyzed and assessed individually, in particular considering surety instruments, which determine the degree of their performance."

Loans collection agencies created to force Greek debt repayments

Collection companies will be formulated to collect debt loan repayments as one of the prior actions that will immediately go into effect in an omnibus bill that was submitted in Greek Parliament on Sunday. The new bill will be voted on during the plenary session on December 15.

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