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Loans with fixed interest rates are almost non-existent on the Lithuanian market, and the Bank of Lithuania (LB) wanted to change that – it prepared amendments to the laws, according to which banks would be obliged to provide two interest alternatives for housing loans. However, the offer of fixed interest rates might not always be … Read more
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In an interview after the publication of the latest statistical data, which shows that inflation in the Eurozone fell to the lowest level in 27 months in October, Kazak stated that a sharp drop in economic activity or an increase in unemployment might be necessary to consider such a decision. “There is no need to … Read more
Interest rates too high When is a loan immoral? A guest contribution by Roland Klaus 08/10/2023, 07:00 a.m Consumer credit and mortgage lending can be viewed as usury if they are too expensive. Then there is the possibility of reclaiming excessive interest or commissions. The current judgments show that. One bank in particular attracted negative … Read more
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What we can afford is often very different from what we want to buy. Especially when it comes to real estate. The purchasing power of Latvian residents “on paper” is not the best, so sometimes, when driving past a village of more exclusive private houses, you just have to guess what the residents of these … Read more
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Since the European Central Bank (ECB) started raising its interest rates last year after an 11-year pause in an effort to curb the rapid rise in inflation, the Euribor rate for interbank loans has also risen significantly. As a result, monthly loan payments for both individuals and legal entities have increased. However, some borrowers do … Read more
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The significant profit of banks in the last year has raised questions not only in Latvia, because it is clear that, similar to energy industry companies, which last year had record profits due to the geopolitical situation, the question is how much of the profit is the result of the company’s own actions and decisions, … Read more
safety required The best installment loans with security 03/06/2023 06:21 am Inflation remains high. Interest rates rise. And yet more and more people are buying on credit. How does that fit together – and where can consumers who want this secure their loan most cheaply? The financial experts at FMH-Finanzberatung have investigated these questions. It … Read more
Bankenskyline von Frankfurt 29.9 percent of those companies that are currently negotiating a loan reported reluctance on the part of the banks in December. (Photo: dpa) Berlin In view of rising interest rates and the feared recession, companies in Germany are finding it more difficult to obtain new bank loans. 29.9 percent of those companies … Read more
Tuesday, January 11, 2022 Loans are not serviced Shipyard bankruptcy brings Genting group into distress – With the bankruptcy of MV Werften several sources of money dry up for the Genting Group. A credit insurer terminates its commitment. As a result, banks turn off the tap. The group can no longer pay off its creditors. … Read more
– Volksbank According to preliminary figures, the institutes expanded their lending business in 2021 compared to the previous year by almost seven percent to 710 billion euros, as the Federal Association of German Volksbanks and Raiffeisenbanks (BVR) announced on Monday in Berlin. – (Photo: dpa) – – – – Frankfurt The German cooperative banks extended … Read more