Kedipes, created following the demise of the co-op bank to manage its non-performing loans
, said it has already handed over similar information on PEPs that continue to be its customers.
The size of non-performing loans
in the banking and financial sector has increased and the tendency to grow further has led to a decrease in loan disbursement, stall financial intermediation, weakening economic activity, limiting the growth of the real sector, increasing unemployment, slowing economic recovery and increasing welfare expenditures.
BANKING AND CREDIT NEWS-June 27, 2019--UAE central bank reforms reporting of non-performing loans
The European Commission (EC) has said in a report that non-performing loans
are decreasing in the EU.
LONDON (Alliance News) - Irish personal finance services firm Permanent TSB Group Holdings PLC said Thursday its total new lending in the recent quarter was sharply up on the year before as it continued to offload its non-performing loans
The European Central Bank has called on European banks with high NPEs to submit documents describing their strategy to bring down their non-performing loans
News Report Coercive lending at the dictate of 'political appointees' and ignoring the safeguard watchword KYC are two major ones of factors for constant rise in banks' non-performing loans
that weaken their fundamentals and inflate cost of funds.
WASHINGTON: Fannie Mae announced the winning bidder for its thirteenth Community Impact Pool of non-performing loans
The Supreme Court on Tuesday came out with an option for 222 firms involved in the written-off non-performing loans
worth billions of rupees from the commercial banks either to deposit three-fourth (75 per cent) of the principal amount they had borrowed or face trials before the banking tribunals.
This sale of non-performing loans
is being marketed in collaboration with Bank of America Merrill Lynch and The Williams Capital Group, as advisers.<br />Bids are due on the four larger pools onJune 5and on the Community Impact Pool June 19.<br />Among other elements, terms of Fannie Mae's non-performing loan
transactions require the buyer of the non-performing loans
to pursue loss mitigation options that are sustainable for borrowers.In the event a foreclosure cannot be prevented, the owner of the loan must market the property to owner-occupants and nonprofits exclusively before offering it to investors, similar to Fannie Mae's FirstLookprogram.
Fannie Mae announced its latest sale of non-performing loans
, including the company's thirteenth Community Impact Pool.