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Central & Eastern Europe Mortgage News is an EIN News Service for banking industry professionals. Constantly updated news and information about Central & Eastern Europe Banking.
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Latest Central & Eastern Europe Mortgage News

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  • Significant Recovery to Begin in 2011 in Georgia, Bank Republic CEO 24 Nov 2009 11:11 GMT
    ... French Societe Generale increased its share in Bank Republic from 60% to 80%. Out of ... banking it is absolutely necessary for the banks that a significant amount of revenues are ... market. We will offer the conditions of mortgage loans starting from13 percent and all consumer ...

  • Platinum Bank submits proposals to government on participation in Nadra Bank's financial recovery 24 Nov 2009 04:36 GMT
    ... Platinum Bank submits proposals to government on participation in ... bank's clients. Platinum Bank (formerly the International Mortgage Bank) was founded in 2004. Its only ... The bank ranked 71st among 182 operating banks in terms of overall assets estimated at ...

  • Three banks go after millions in repayments on back of orders 24 Nov 2009 07:14 GMT
    ... THREE banks yesterday went after millions of euro in ... loan repayments ordered by the Commercial Court. Bank of Scotland Ireland (BOSI) is seeking an ... write off some of the value of mortgages advanced at the height of the boom ...

  • Law enforcement agencies open case on Hr 36 million fraud against a Kyiv bank 24 Nov 2009 04:31 GMT
    ... The bank gave the credit for a land plot with ... investigation department of the Interior Ministry of Ukraine, on the basis of materials of the ... the Criminal Code of Ukraine on fraudulent mortgage crediting, as a result of which, Evropeyskiy ...

  • EU seeking to cut Dexia foreign exposure - paper 24 Nov 2009 08:00 GMT
    ... United States, Britain and Slovakia. Dexia's Italian bank subsidiary Crediop and its Spanish operations were also ... to cover riskier securities linked to subprime mortgages. Dexia's problem was that a large part ... will continue with retail, private and commercial banking in Belgium, Turkey, Luxembourg and Slovakia and ...

  • Possession order against farmer delayed 24 Nov 2009 01:26 GMT
    ... him to dispose of three properties in Poland. Ms Justice Elizabeth Dunne also advised a ... and Family Affairs not to grant him mortgage interest relief when he lost his job. ... two were given to Start Mortgages, while Bank of Scotland (Ireland) Ltd and Ireland Carlisle Mortgages ...

  • EU recession over, but sharp contrasts in East 23 Nov 2009 12:52 GMT
    ... said , chief economist at the European Bank for Reconstruction and Development, which focuses on ... debt will probably be snapped up by banks, which in turn means there won't be ... Foreign-currency borrowing by businesses and households, including mortgages, is about 48% of GDP in Hungary ...

  • Investing in Real Estate Overseas 23 Nov 2009 06:11 GMT
    ... mind. The Middle East and places in Eastern Europe are becoming more open to foreign investors. ... can provide better advantages than a local bank. In addition, you may want to inquire of international mortgage lenders or brokers, since they may be ...

  • AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update 23 Nov 2009 21:50 GMT
    ... Capital SA for OJSC Russian 1.46% Agricultural Bank 7.75%, 5/29/18 4)Turkey Government Bond 16.00%, 3/07/12 1.38% ... Philippines 9.875%, 1/15/19 1.20% 7)Citigroup/Deutsche Bank Commercial Mortgage 1.18% Trust Series 2006-CD2, Class A2 5.408%, ... - Entertainment 0.09% SUBTOTAL 29.04% Financial Institutions: Banking 1.76% Finance 0.74% Insurance 0.67% REITS 0.20% ...

  • Stocks, Commodities Gain on Growth Outlook; Dollar, Yen Decline 23 Nov 2009 17:34 GMT
    ... than forecast and speculation grew that central banks will keep interest rates near record lows. ... levels. , president of the Federal Reserve Bank of Chicago, told the Financial Times that ... central bank seeking authority to continue buying mortgage-backed bonds after the first quarter of next ...

  • Stocks Gain Around World on Growth Outlook as Dollar, Yen Drop 23 Nov 2009 22:55 GMT
    ... than forecast and speculation grew that central banks will keep interest rates near record lows. ... low levels. , president of the Fed Bank of Chicago, told the Financial Times that ... central bank seeking authority to continue buying mortgage-backed bonds after the first quarter of next ...

  • AllianceBernstein Income Fund Releases Monthly Portfolio Update 23 Nov 2009 22:55 GMT
    ... Portfolio % Governments - Treasuries: Treasuries 55.30% Mortgage Pass-Thru's: Agency ARMS 4.58% Agency Fixed Rate ... 8.36% Corporates - Investment Grades: Financial Institutions: Banking 2.24% Finance 0.40% Insurance 0.22% Other Finance ... Agency Debentures 2.11% Quasi-Sovereigns: Quasi-Sovereign Bonds 1.93% Bank Loans: Industrial: Communications - Media 0.24% Technology 0.21% ...

  • Crackdown on commodity trading abuses needed 23 Nov 2009 01:30 GMT
    ... derivatives trading and echoes what happened in mortgage markets in the last 10 years. Turning ... ultimately destroyed the western world's property and banking markets. Turning bog-standard oil and wheat into ... commodity trading has been eye-popping. Global investment banks have committed tens of millions of euro ...

  • Recession to leave permanent scars 23 Nov 2009 20:32 GMT
    ... Lancaster have been left empty because of mortgage foreclosures that have continued unabated. Unemployment across ... Outlook, the International Monetary Fund examined 88 banking crises between 1970 and 2002 and found, ... struggle to invest in viable projects because banks restrict credit to shore up their finances. ...

  • EU clears government bailouts for ING and KBC after banks agree to shed operations 18 Nov 2009 12:40 GMT
    ... Belgian state bailouts for ING and KBC banks after both agreed to reduce operations to ... aid. ING will create a new retail bank to step up competition in the Netherlands ... capital. Belgium's KBC will divest a Belgian mortgage lender and insurance company and sell off ...


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