Non-performing loan
NPL-tackling framework is dismissed as too inflexible
Concerns are growing in regard to the efficiency of the new institutional framework on the setup of companies to manage nonperforming loans, as bank officials deem it very strict and dysfunctional, saying it will hamper the creation of an effective secondary market for bad loans.
Banks prepare for generous loan haircuts
Banks are bracing for a haircut worth 10-12 billion euros to household and corporate loans in the next three years, as part of various settlements that are slated to be made in order to meet the target for reducing nonperforming loans by 40 percent by the end of 2019.
- Read more about Banks prepare for generous loan haircuts
- Log in to post comments
Banks mulling special NPL vehicles
Greece's core banks are considering the creation of special purpose companies which will receive large portfolios of nonperforming loans and then be sold so that they stop burdening the lenders' financial figures, as NPLs now exceed 100 billion euros in total.
- Read more about Banks mulling special NPL vehicles
- Log in to post comments
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."
- Read more about No uniform solution for NPLs, expert warns
- Log in to post comments
Govt’s plan for non-performing loans
Government’s final draft includes details of the non-performing loans (“red loans”) and indebted households without, though, being approved by the lenders.
The draft provides a transitory period for non-performing loans, whether they remain in banks or are transferred to non-banking financial companies.
- Read more about Govt’s plan for non-performing loans
- Log in to post comments
Greece concludes agreement with creditors on sale of NPLs
An agreement between Greece and its lenders will lead to the vast majority of non-performing loans (NPLs) linked to primary residences with a taxable value under 140,000 euros being protected from sale until 2018, Economy Ministry sources have said.
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.
Govt and creditors reach agreement on “red loans”
The social security gap between the government goals and the creditors demands was examined on Thursday in a long meeting that ran until past midnight on Friday with an agreement over a new privatisation fund and the Independent Power Transmission Operator (ADMIE).
- Read more about Govt and creditors reach agreement on “red loans”
- Log in to post comments
Loans of households exceed sectors in Turkey
Turkey's economy has been going through serious financial fluctuations since the second half of 2013 and this is continuing. Even if industrial firms tried not to lose their gross sales profits, they had to share a significant portion of it with the banking-finance sector as "interest."
- Read more about Loans of households exceed sectors in Turkey
- Log in to post comments