That compared with average
non-performing loan prices of 64.5 cents on the dollar at the end of 2013 and 49 cents at the beginning of that year.
Not exact matches
Italian banks have been in the spotlight in the past weeks after steep share
price declines which served as a reminder of their struggle to sell off
non-performing loans to the markets.
The debt amounts to around 1 percent of gross domestic product and is a problem for banks that
loaned money to oil companies on the basis of the contract
price and have yet to be repaid in full, leading to
non-performing loans, several senior bank officials said.
These
loans are also purchased at purchase
prices that are discounted (often substantially so) to the contractual
loan balance that reflects primarily the
non-performing nature of the
loan.
The Company remains in capital compliance for all regulatory purposes despite severe write - offs; however,
non-performing loans continue to increase; our purchase
price of 1 1/4 compares with a stated net asset value at September 30, 1990 of $ 13.16 per share.