securitisation

Poland’s banks are generally well financed and solid, but one of their biggest problems is a mismatch between short-term deposits and long-term loans, many of which are denominated in foreign currency – largely Swiss francs. The mismatch has been a concern for regulators, who have pushed banks to make their asset structure less vulnerable to sudden changes in sentiment and to any turmoil in the eurozone.

Now Getin Noble Bank, one of the most aggressive forex lenders during the real estate boom which ended in 2008, has taken a step towards better balancing its assets by securitising a 1bn zlotys ($325m) portfolio of 33,000 car loans last week. Continue reading »

By Ben Aris of business new europe

Russia’s securitisation market is back from the dead after several banks announced deals in the last few weeks – the first since the international debt crisis struck in 2008.

Sergei Monin, chief executive of the Russian subsidiary of Austria’s Raiffeisen International Bank,  said this month that the bank plans in May to securitise $200m worth of diversified payment rights (DPRs) – payments due from companies and individual customers for banking services in Russia. Continue reading »