Adygea to protect citizens from illegal microloans
Deputies from Adygea propose to ban the issuance of microloans without the personal presence of the borrower
loans
World Bank underscores China's key role in global economy
China is the largest borrower among all the world's low- and medium-income countries while also being one of the biggest lenders to those places
Georgia’s pensioners hamstrung by crippling debt
Paradoxically, Georgia’s poorest citizens – its elderly – have the easiest access to credit. But there is a catch. Elderly Georgians, perhaps the poorest category of people in the country, paradoxically have the easiest access to bank credit: In an unstable economic environment, government retirement benefits are one stable, albeit small, form of income that can serve as security for a loan
Serbia repays early 172.7 mln euro debt to Azerbaijan
Serbia has repaid early a 172.7 million euro ($210 million) outstanding debt to Azerbaijan under a loan for the construction of a Corridor XI road section, Serbian finance minister Sinisa Mali said. The government has repaid …
Non-performing loans of Russians reach 811.8 billion rubles
The share of retail consumer non-performing loans in Russia declined 0.6% to 4.8% as of October 1, according to Russia's central bank data. Outstanding loans were 16.9 trillion rubles, up from 10.6 trillion five years ago, RBC …
Iran to return to nuclear deal only under oil credit line - media
Tehran would return to its nuclear deal commitment only if it got $15 billion for oil sales over four months, Iran's Deputy Foreign Minister Abbas Araqhchi said. "Our return to the full implementation …
Debts of 500,000 Kazakhs to be wrote off
Kazakh President Kassym-Jomart Tokayev said he will write off bad loans held by as much as a sixth of the central Asian country’s population, while signaling a sharp change in policy to end costly state …
ADB providing loans to rural households in Georgia
The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …
Central Bank: households' debt in Russia nearing historical peak
Russia's household debt reached 9.9%, which is close to its 2014 peak of 10.4%, Russian central bank's Financial stability department chief Yelizaveta Danilova said. "Non-secured lending has been growing …
Georgian State Fund to Receive Multimillion Credit from China Development Bank
The Chinese Development Bank will provide a $ 20 million loan to the state-owned company "Partner Fund". The relevant announcement was posted on the fund's website. It is clarified that the loan will be allocated without …
Russians cannot get out of debt?
The Russians scored a record number of loans in 2018. The average debt burden of Russian families increased from 22% to 27%. Russian people's current total debt is 14.86 trillion rubles. According to the …
Iranian parliament allows government to apply for loan from Russia - media
The Iranian parliament voted to allow the government to apply for a $5 billion loan from Russia, the Iranian Mehr new agency reported. The loan is set to be spent on owning capital assets in infrastructure and production fields in …
Georgia trying to contain banks
An unexpected ally of the government in this process was the main opponent of the current authorities, former President Mikhail Saakashvili
Banking sector: assets started growing
Experts also note the recovery of lending in certain credit market segments
Every Russian owe banks 86 thousand rubles on average
Russians owe banks 12 trillion rubles, the United Credit Bureau said in a report. "Following the results of 2017, banks' total loan portfolio increased by 9% to 12.54 trillion rubles," the reports says. This …
EBRD pushes on with Azerbaijan gas loan after transparency rift
The European Bank for Reconstruction and Development is pushing ahead with plans to lend $500 million to Azerbaijan’s Southern Gas Corridor project after the nation was suspended from an international oil-wealth transparency …
Loan history of Russians to no longer be a mystery
The banking community under the auspices of the 'Russia' association sent a letter to the Russian Central Bank with a request to cancel a consent of the Russians to a request to loan bureaus in some cases. …
ADB postpones allocating $200m for North-South project
The Asian Development Bank (ADB) postponed its decision on allocating a $200 million loan for implementation of the International North-South Transportation Corridor project. Earlier, an ADB mission was expected in Azerbaijan on …
Russia to provide €2.2 billion loans to Iran
Russia will extend a €1.2 billion government export credit to Iran in order to finance construction of a thermal power plant (TPP). The Iranian side will use borrowed funds to cover 85% of 1.4 MW TPP construction price. …
Russia to decide on credit provision for Iran this week
The decision on providing loans to Iran for implementation of two projects - railroad and electric power - will be made by the Russian government this week, the Russian Deputy Finance Minister Sergey Storchak said. …
