Bank loan

Portugal’s frozen bank loan repayments down, withdrawal going smoothly

LISBON, June 30 (Reuters) – Portugal’s phasing out of bank loan repayments freeze is progressing well, with bad loans at very low levels and suspended repayments falling, central bank director Mario said on Wednesday. Centeno. The program, designed to help businesses and individuals weather the pandemic, is due to end in September and authorities began […]

Bank loan

Philippines secures $ 400 million loan from World Bank for financial sector reforms

REUTERS The World Bank has approved a new loan of $ 400 million for the Philippines that will be used to support financial sector reforms as the country recovers from the pandemic. The First Financial Sector Reform Development Policy Finance Loan is the first of two World Bank programs aimed at strengthening the stability of […]

Monetary loan

Invergarry hydropower projects become new ownership thanks to £ 8million Virgin Money loan

The Highlands hydropower projects, which will power 2,600 homes, are due to be upgraded by their new owners following the injection of a £ 8million long-term loan from Virgin Money. Virgin Money, owner of Scottish bank Clydesdale Bank, has previously backed CRF Hydropower Limited. It involved a multi-million pound package that helped grow its hydropower […]

Bank loan

Kenya gets KSh 80.9 billion loan from World Bank after Treasury CS Ukur Yatani Read budget

Multi-billion loan expected to help country improve its medium-term fiscal sustainability and debt indicators amid COVID-19 pandemic World Bank Kenya Country Director Keith Hansen said the money would be used for reforms in various sectors, including health, education and energy. From the KSh 3.6 trillion budget presented by Yatani, the Kenya Revenue Authority is expected […]

Bank loan

Kenya secures $ 750 million loan from World Bank to help recover from effects of COVID-19

NAIROBI, June 11 (Reuters) – Kenya has received a loan of $ 750 million from the World Bank to support its budget and help the East African economy recover from the effects of the COVID-19 pandemic, announced Friday the multilateral lender. The Kenyan government has gone to great lengths to secure foreign funding to close […]