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:

SKW Funding joins Bain Capital Credit for bad notes fund
SKW Funding along with joint venture partner Bain Capital Credit have formed a fund that w  »
Gregory Laskodyhas joins Lee & Associates as principal
Gregory Laskodyhas joined Lee & Associates South Florida as principal in its investmen  »
Jerry Lam to head Greystone’s Freddie Mac Small Balance Loans
Jerry Lam has been named chief of credit of Greystone’s Freddie Mac Small Balance Loans  »
Related Companies names David Zussman new CFO
David Zussman was promoted to CFO of The Related Companies. Zussman will oversee Related  »