Baycorp specializes in the management of non-performing loans in Australia and New Zealand and provides portfolio management services for non-performing debts
The audit service recommended that the tax department takes all necessary measures to limit the state's non-performing debts
amounting to millions of euros "and which are increasing at an alarming rate".
The banking sector in India continues to be under the burden of large non-performing debts
According to the initiative, government banks will settle non-performing debts
of companies with debts of less than EGP 10m and debts of individual customers, excluding credit card balances, until the end of December 2017.
Italian banks as a whole have non-performing debts
worth 198bn euros, illustrative of Europe's failure to tackle its banking problems.
One plausible explanation is that during the quarter of a century following Japan's post-bubble financial crisis businesses have simply muddled through, containing their non-performing debts
and overcapacity of supply facilities and human resources, and by this process the most successful in cost cutting and divestment have survived - the principle of the survival of the fittest.
Moody's also highlighted the bank's high-quality financing portfolio and said QIIB's bad debt ratio remained within the limit set for such non-performing debts
within Qatar's banking system and lower than the globally prevailing and prescribed ratios among banks within the same category.
The credit reporting system will reduce credit losses from bad or non-performing debts
, and allow those who maintain a good credit rating to benefit from greater access to capital and better interest rates.
"The reporting system of the Al Etihad Credit Bureau will add value to the UAE's financial sector by enabling lending institutions to make informed decisions and it will encourage consumers to practice responsible debt management; this will in turn reduce credit losses from bad or non-performing debts
. AECB is committed to supporting the financial sector with tools that will improve their lending procedures, in line with international risk management standards.
This resulted in several board shuffles and three CEOs in several months, with the incumbent John Hourican remaining in office for just over a year now and implementing a drastic restructuring that includes downsizing, the sale of non-core assets at home and overseas, as well as stringent plans to recover non-performing debts
, especially from major clients who have funds but refuse to pay.
As Marwan Ahmad Lutfi, CEO of AECB, said, "Effectively run credit bureaux are internationally proven to support responsible lending, enhance payment behaviour and reduce credit losses from bad or non-performing debts