loans

Georgia’s pensioners hamstrung by crippling debt

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 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

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 …

Debts of 500,000 Kazakhs to be wrote off

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

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 …

Russians cannot get out of debt?

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 …

Georgia trying to contain banks

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

Every Russian owe banks 86 thousand rubles on average

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 …

Loan history of Russians to no longer be a mystery

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

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 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

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. …

EBRD to provide Armenia with €14.6 million loan

EBRD to provide Armenia with €14.6 million loan

The European Bank for Reconstruction and Development (EBRD) is financing a street rehabilitation program in Gyumri, the second largest city in Armenia, with a €14.6 million sovereign loan, Arka.am reports. The financing will fund …