Non-performing loan

Asset management companies, which have already been de-facto managing the non-performing loans of the ten largest banks in Turkey, have now set their eyes on unpaid telecommunication, natural gas and water bills, according to an exclusive report in daily Dünya. 

By Yalman Onaran

Greek banks, which received two capital infusions in the past two years, may need a third one as a recession drives up losses from bad loans.

 National and Alpha were forced to increase their provisions

Two of the country?s biggest lenders, National Bank and Alpha Bank, announced on Thursday an increase to net losses in the first quarter of the year, which reflect the deterioration of economic conditions in Greece and which forced them to expand their provisions to cover nonperforming loans.

By Yiannis Papadoyiannis

Greek banks are facing the specter of nonperforming loans climbing to 100 billion euros ? or 45 percent of all loans issued ? in the coming months owing to the seemingly endless uncertainty in the local economy.

By Yiannis Papadoyiannis

The European Commission?s Directorate-General for Competition is to ask Greek banks to revise their restructuring plans in light of the rapid deterioration of financial conditions in the country.

BELGRADE - The resolution of non-performing loans (NPL) must be financed by the private sector, while the public sector should provide support through regulatory incentives, the participants of a two-day conference on problem loans, hosted by the National Bank of Serbia (NBS), said on Wednesday.

Fitch Ratings said in a statement on Tuesday that the Greek government?s intention to create a ?bad bank? is a positive step toward achieving reform because it recognized that high volumes of nonperforming loans (NPLs) are impeding new lending.

By Yiannis Papadoyiannis

Greece?s main banks have set aside huge provisions in recent years ? totaling 50 billion euros ? to tackle the problem of nonperforming loans (NPLs). The bulk concern Greece and cover some 60 percent of the loans that are definitively in default.

KOPAONIK - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Tuesday that for the NBS, finance ministry and banks, this is the year to solve the issue of the high number of non-performing loans (NPLs).

By Evgenia Tzortzi

The Bank of Greece is in favor of the creation of a ?specialized entity? for the management of nonperforming loans (NPLs), saying in its annual report issued on Thursday that such an option would assist banks in ?financing healthy entrepreneurship.?