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.

Similar Stories:

CEFC ups holding to 50% in J&T Finance Group
CEFC increased its holding in J&T Finance Group (JTFG) from 10 to 50 percent. The Czec  »
HB Reavis reports €107.5m profit for 2016
HB Reavis Group reported a consolidated net profit of €107.5m in 2016. Despite a challen  »
End of Czech crown intervention renews calls for euro
Ten days after the Czech National Bank ended its intervention which drove down the value o  »
Hungary’s agricultural prices down 2% in February
Hungary’s agricultural prices dropped 2 percent y-o-y in February, according to the Cent  »
Lower prices means lower costs for manufacturers and carriers, and thus reduced product pr   »
The most important thing is client understanding. Quite simply, clients need a much greate   »