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S&P sees Russian bad loans spiking at 17-23 pct of loan portfolio

MOSCOW Feb 26 (Reuters) – Russias banking system may face
a spike in bad loans to 17-23 percent of its loan portfolio in
2015 from around 8 percent last year, Standard Poors ratings
agency said on Thursday.

The agency added that according to its base scenario,
Russian banks may be forced to set aside around 2.5 trillion
roubles ($41 billion) to cover potential bad loans. Under its
negative scenario, bad loans may reach 35-40 percent, SP said.
($1 = 60.5770 roubles)

(Reporting by Oksana Kobzeva; writing by Katya Golubkova,
editing by Elizabeth Piper)

TRLPC-European sponsors seek aggressive US-style leveraged loans

LONDON Feb 20 (Reuters) – Lenders are under increasing
pressure from sponsors of European companies to accept more
aggressive US-style terms on leveraged loans that would give
them more flexibility amid an expected upturn in MA activity.

US practices such as covenant-lite structures became
established features on European deals in 2014 and now other
aspects of US loans are crossing the Atlantic. The changes will
enable sponsors to raise additional debt and make acquisitions
more easily than has been the case until now.

Banks are seeking to capitalise on the expected increase in
MA activity and competition to win mandates is fierce. It means
they...

To lights, music and Cavs highlights, Dan Gilbert unites the Quicken Loans …

CLEVELAND, Ohio — Soon into the uncommon corporate retreat, just before Washington Wizards owner Ted Leonsis addressed the crowd, members of Dan Gilberts business empire turned and introduced themselves to one another.

Even in a speed-networking format, the hellos took much of an hour.

The Quicken Loans Family of Companies, now mustering in Cleveland, includes 119 companies in 46 cities and 18 states.

To help unite the disparate tribes, and instill a common culture, Gilbert annually hosts what he calls the Family Reunion. The sixth edition unfolded this morning at the Cleveland Convention Center, when more than 400 business professionals took their seats in a media-rich...

TRLPC-Euro-denominated leveraged loans cheaper than dollars

LONDON Feb 25 (Reuters) – Global borrowers are using
cheaper pricing in the European leveraged loan market to
increase the size of euro-denominated tranches and push pricing
down on more expensive dollar tranches as companies arbitrage
the Transatlantic markets to secure best pricing on large liquid
loans.

Companies with international operations typically tap the
dollar and euro markets simultaneously and play them off against
each other to get the lowest pricing possible.

Dollars have historically been cheaper than euro-denominated
loans, but a repricing in the US market in late 2014 as US
regulators put the brake on aggressive loans,...

UPDATE 1-S&P sees Russian bad loans spiking at 17-23 pct of loan portfolio

(Adds details, background)

By Oksana Kobzeva

MOSCOW Feb 26 (Reuters) – Russias banking system may see
its bad loans rise to 17-23 percent of its loan portfolio in
2015 from around 8 percent last year, Standard Poors said on
Thursday, underlining the impact of an economic crisis on the
sector.

Banks have suffered spike in bad loans and lower profits
because of the crisis, deepened by Western sanctions over
Moscows role in the Ukraine conflict and lower oil prices.

Russia has been forced to support many with capital
injections and other measures after the countrys largest
lenders have been all but cut off from global financial...

Kenya Commercial Bank Profit Climbs 17% After Loans Increase

(Bloomberg) — Kenya Commercial Bank Ltd., the East African
nation’s second-biggest lender by market value, said 2014 profit
increased 17 percent after loans jumped, beating analysts’
estimates.

Net income climbed to 16.8 billion shillings ($184 million)
from 14.3 billion shillings a year earlier, Chief Executive
Officer Joshua Oigara told reporters Thursday in the capital,
Nairobi. The median estimate of nine analysts surveyed by
Bloomberg was for 16.7 billion shillings.

“The future of the group is growing to 10 million
customers” from 4 million now, Oigara said....

4 Things Every Business Owner Should Know About Business Loans

Theodore Roosevelt wasnt lying when he said, believe you can and youre halfway there.

But, and this is true for most small businesses, the second half of the race to success is a little more difficult.

Whys that? Because every good idea takes money to become a reality. Further, even the most successful entrepreneurs must convince investors that their plans are worth lending money to.

It is imperative for todays small business owner to understand the mechanics of building and properly utilizing business credit to fully maximize their potential in the increasing market competition once the proper foundations are built a legion of doors open up for business growth...

How to save while paying off college loans

Roughly half of Americans have no savings, a precarious situation that is even more acute for the roughly 40 million Americans who are paying off student loans.

The mountain of debt, which now totals $1.2 trillion, is not surprising, given the soaring costs of higher education. Four years of in-state tuition at public colleges and universities now runs an average of $23,410, while the average tab for four years at a private institution stands at $46,272, according to The College Board.

But its still possible — and ever more important, given the spiraling costs — for people to save, even while paying off school loans, said CBS News financial analyst Jill Schlesinger....

Confusion Over Loan Terms, Foreclosure on Non-Borrowing Spouses Top List of …

A recent report from the Consumer Finance Protection Bureau that takes a look at consumer complaints in the reverse mortgage arena over a three-year period has identified seven main complaints about the process.

Most of the complaints boil down to consumer confusion over the terms of a loan. The most common complaint is that borrowers are unable to refinance. Related, many consumers dislike that they cannot change the terms of the loan. The most frequent complaint concerning requested loan changes involves consumers wishing to add additional borrowers to the loan in order to extend the term of the loan, the report states. Reverse mortgages prohibit loan assumptions since actuarial tables...