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Weekly Lists
June 8, 2018 www.intellinews.com I Page 27
bne:Banker Uzbekistan's NBU signs
$750mn deals with Chinese banks
Czech banks brace for further tightening of mortgage conditions
The National Bank for Foreign Economic Activity of Uzbekistan (NBU) signed loans deals with two Chinese banks amounting to a combined $750mn.
The Export-Import Bank of China and the NBU signed a $500mn loan agreement on June 5, the NBU said on June 6. The Uzbek bank also signed a $250mn loan deal with China Development Bank (CDB) in Beijing in the run-up to the Shanghai Cooperation Organisation (SCO) Summit in Qindao.
The new loan agreement with the CDB envisages financing projects focused on “bringing high-tech equipment” to Uzbekistan for both large enterprises as well as small and medium sized businesses.
Czech banks are expecting a further tightening of lending policies on mortgages by the Czech National Bank (CNB). The measures should concern loans to both individuals and couples, Hospodarske noviny reported on June 5.
“The new regulation would have an impact on every third mortgage applicant,” Ceska Sporitelna spokesman Filip Hruby said. According to a survey among banks done by the newspaper, new rules might be published next week.
According to previous comments, CNB wants to cap overall indebtedness at eight-fold the total yearly income of the applicant and one repayment shouldn’t be higher than 40% of their monthly net income.
Fitch Ratings has placed 25 Turkish banks and their subsidiaries’ Long-Term Foreign-Currency (FC) Issuer Default Ratings (IDRs) and Viability Ratings (VRs) on Rating Watch Negative (RWN),
it announced on June 1.
The RWNs placed on all Turkish banks' VRs reflect risks to their performance, asset quality, capitalisation and, in most cases, liquidity and funding profiles following a recent period of increased market volatility, Fitch said, adding that the RWNs on the IDRs
of state-owned commercial banks and two development banks additionally consider the greater potential for stress in Turkey's external finances, which could hinder the authorities' ability to provide support in foreign currency.
Fitch places 25 Turkish lenders’ ratings on negative watch