Banks selling default loans in Slovakia

Banks selling default loans in Slovakia

Published at: 2017-05-17 06:45 | Author: CIJ Journal
Banks in Slovakia are offloading their default loans, raising strong interest from companies that specialize in retrieving so-called “bad loans,” writes Hospodarske noviny. The daily reports that a mere 5.2 percent of the total loan volume has not been serviced in Slovakia, and quotes UniCredit Bank spokeswoman Zuzana Ďudáková saying that Slovakia is among the countries with the lowest ratio of default loans in the CEE and SEE regions. Serbia tops the list of sinners with 21.6 percent of unpaid loans, followed by Croatia at 16.3 percent. Just 1 percent of all loans in Estonia, by comparison, are in default, according to data compiled by Deloitte. In Slovakia, the number of outstanding debts sold to third parties has continued to grow sharply over the last two years. Loan refinancing options as well as a growing economy could help decrease the claim volumes, according to the analysis.

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