Bank of Albania, rescue plan for 60 companies causing 60% of total bad loans
09/06/2015 00:00
The Washington Agreement Must Be Reactivated! 06/01 19:04
The Bank of Albania will coordinate a plan which aims to restructure all
bad loans for the 60 more problematic debtors in the country. Top
Channel reveals the scheme through which the Bank aims to resolve the
bad loans issue, which is mainly caused by a small number of companies.
The bank has identified 60 businesses that have 60% of the total bad loans, most of which have more than one loan from several banks in parallel. The Bank of Albania will negotiate for a loan, for which every single bank that has given the loan will sit and discuss a single monthly installment.
Sources say that this payment would be reduced and paid in one single bank that will be chosen to lead this. The chosen bank will then distribute the payments.
Bank of Albania aims to reduce bad loans through this process and give a new chance to problematic businesses. Sources from the Bank said to Top Channel that if these companies will not be able to pay even through this method, the law will be applied and they will be brought to bankruptcy.
Top Channel
