Ukrainian state banks are expected to finally step up this year the sale of their voluminous non-performing loan (NPL) portfolios, which make up 45.5%-73.5% of the total loan books of the country’s top three banks, Oschadbankand Ukreximbankand PrivatBank, according to several banking sector experts and lawyers.
TheCoordination Council of Belarus, recognised by the EU and the US as a body facilitating the peaceful transition of power in the country, has sent statements to international financial institutions warning that the proceeds of the country’s latest USD 1.25bn Eurobonds might have been used to fund state repressions and that the current government lacks the authority to raise further funding, according to documents seen byDebtwire.
Sales of non-performing loans (NPLs) hit a four-year low last year with EUR 67.7bn sold, according to the Debtwire European NPLs FY20 Report. Government supported disposals accounted for 60% of the total, the report found.
A new type of court restructuring proceeding has been introduced inPolandas part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.