Meanwhile, presidential candidate and Diko leader, Nicolas Papadopoulos, yesterday brought up the idea of setting up a bad bank
that would buy all the NPLs from the three local banks, thus ridding them of the problem.
A top official with the Indian government has said that solving the bad loan problems of Indian banks is the top priority for the Indian government, rather than creating a bad bank
The recent economic survey mentioned about formation of a bad bank
that will purchase stressed assets and take them to resolution.
A bad bank
may have been a solution in other countries, however, certain aspects will have to be considered while evaluating the need to set up one in India.
2billion sale of Northern Ireland property assets by bad bank
Under the Bank of Portugal plan, all holders of the five selected bonds will see 100 percent of their holdings transferred to the bad bank
and incur large losses.
The deal would create a so-called bad bank
in line with EU rules on state aid.
June 18 (SeeNews) - Heta Asset Resolution, the bad bank
tasked with winding down the assets of Austrian lender Hypo Alpe Adria, Wednesday said it had "capital shortfalls" of EUR 7 billion (USD 7.
The proposal to create an asset management company, or bad bank
, using remaining funds from the Hellenic Financial Stability Fund (HFSF), to deal with NPLs is potentially positive for the banks' asset quality.
The bad bank
may not perform well, or may even fail, but Barclays wants to make sure that these possible outcomes will not contaminate its core retail banking sector," Mao concluded.
Barclays will park some e1/490 billion worth of risk-weighted assets from the investment bank in the bad bank
, including some commodities and emerging markets products and some of its derivatives book.
SeeNews) - Mar 5, 2014 - Belgian state bankA Belfius and the central bank have examined the option toA hive off toxic loans into a bad bank
, dailiesA De Standaard and Le Soir reported Tuesday.