14 Sep 2017
News
Juncker Plan 2.0 wants to mobilise € 500 billion for investment until 2020
European Fund for Strategic Investments 2.0 includes new industries such as agriculture, forestry, aquiculture, fishing and social economy
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12 Sep 2017
News
Government protects large deposits and punishes senior debtholders
Large bank deposits, including those belonging to companies and funds, will be more protected in case of banks’ bankruptcy or liquidation. As for senior debtholders, they will be more exposed and bear greater losses.
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11 Sep 2017
News
Mourinho Félix on nonperforming loans: “Bank’s balance sheets will not be cleaned using public funds”
Finance Secretary of State guarantees the solution for nonperforming loans does not imply costs for taxpayers and banks will bear all losses. Development bank will only help finance companies considered viable.
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11 Sep 2017
News
Platform for the common management of nonperforming loans to start in early 2018
Banks are “operationalizing” the solution, as informed by Finance Secretary of State, Ricardo Mourinho Félix.
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11 Sep 2017
News
Mourinho Félix: Solution for nonperforming loans should begin “early next year”
The management platform for banks’ nonperforming loans should be working by “early next year”, hopes Finance Secretary of State. The development bank may channel funds from EIB and EBRD for companies with nonperforming debt but that remain viable.
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08 Sep 2017
News
Nonperforming platform begins, development bank “enters” later
Banks have reached an agreement to create a platform for nonperforming loans. The development bank will only be called to intervene later, to finance restructuring but viable companies.
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