Banks are buying up debts! Why? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Banks are buying up debts! Why? - News about real estate, Kiev, Kyiv region. Real Estate In UkraineKnocking other people's debts can help small banks to survive the crisis. Medium and even large financial institutions are now ready to sell part of the loan portfolio at a substantial discount...Why small banks are buying other people's debtsKnocking other people's debts can help small banks to survive the crisis. Medium and even large financial institutions are now ready to sell part of the loan portfolio at a substantial discount (50%), just to get cash and pay off foreign creditors for the debts. The benefit for the buyer of the loan portfolio — earnings issued by other banks on the loans, including by raising interest rates on loans. According to collectors, up to 70% returned loans can provide simple calls and notifications debtors.Earnings on foreign borrowersSmall Accent Bank, for example, gains on foreign borrowers. In September 2007 PrivatBank took part in the readjustment of the Focus of the Bank (at the time of the Ukrainian credit Bank) and gave him a percentage of our loan portfolio. Only recently, the borrowers Privat learned that their loans are now at another financial institution — new formal creditor Accent Bank raised interest rates on loans for 3-6 PPTTo sell, in order to surviveMajor financial institutions during the crisis profitable to sell credit portfolios. Few banks are able to independently engage in knocking out bad debts, whose number is constantly growing. The sale of loan portfolios will allow banks to adjust their reserves to comply with the regulations of the NBU (under loans banks form the largest reserves, the size of which depends on the quality issued by the financial institution loans). Sale problem favorable to banks requiring recapitalization: if the financial institutions will get rid of part of the loan portfolio, the Bank's capital adequacy ratio will increase, which means that funds for recapitalization will need less.Collection caseDebts large and medium-sized banks are also interested in collection agencies. But bankers do not always agree to cooperate with collectors: debt vybivali purchase loans up to a maximum of 10% of the loan amount. In addition, the collector has no right to recover loans from borrowers, if they did not give her consent by signing the loan agreement.



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