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Weekly Lists
August 3, 2018 www.intellinews.com I Page 26
bne:Credit Turkish banks suggest
rules to speed up loan restructuring to avoid major pile of defaults
Turkish banks have proposed rules to accelerate the restructuring of company debt and allow lenders to avoid booking problematic credit as non-performing loans, it emerged late on July 31.
A proposal in circulation from the Banks Association of Turkey (TBB) would help stop defaults from piling up in Turkey, which, according to some analysts, is in danger of slipping into an emerging market currency-and-debt crisis.
The programme, seen by Bloomberg, would apply to loans that exceed Turkish lira (TRY) 50mn ($10.2mn) for borrowers going through temporary repayment difficulties, that are willing to repay their debts and would benefit from a restructuring.
Regulators would need to approve the codified rules from the bank industry group before it could be implemented.
Belarus could place sovereign bonds on Russian ruble debt market, Vedomosti daily said on July 26 citing the official Belarus announce- ment. The parameters of the issue are not disclosed, but the place- ment will reportedly be organised by Gazprombank, Sovkombank, Financial Corporation Otkritie, and Eurasian Development Bank.
The representatives of the organising banks confirmed to the daily that the issue could take place in the autumn.
Previously the Finance Ministry said that Belarus will be allowed to launch a three-year borrowing programme on the Russian market, with the issues capped at $100mn annually.
Despite a significant decrease, the share of non-performing loans (NPLs) within Serbian banks may affect their risk aversion and con- sequently the credit growth and profitability of the banking sector, Serbia’s central bank the National Bank of Serbia (NBS) said on July 30 in a presentation of its Annual Financial Stability Report for 2017.
At end-2017 the share of NPLs in total loans amounted to 9.8% – the lowest level recorded since 2008. The share decreased fur- ther to 9.2% through March, data from NBS released on June 12 showed. The central bank claims that the implementation of its NPL Resolution Strategy, adopted in August 2015, continues to yield good results.
Belarus allowed to borrow on Russian ruble bonds market
NPLs still a threat to credit growth in Serbia, central bank warns