As a result of the rise in non performing loans and the deterioration in the financial position of domestic banks, foreign creditor banks became increasingly unwilling during 1997 to roll over short term interbank loans.

So how does this explain the overexposure of many institutions to sub prime mortgage risk and the collapse of the interbank market? Were banks that chose to securitize sub prime loans instead of keeping them on their balance sheets behaving irrationally?

Among the consumer loans, medium and long term loans dominated by housing loans accounted for about 80 , but short term consumer loans grow faster than medium and long term loans.

Loans

They didn't make loans and then sell the loans.

But these effects will also occur in EU countries whose financial sectors have maintained a high degree of stability in the current crisis. Delivery of financial services will be made more difficult and expensive everywhere, even though some countries banks are financed by stable long term deposits rather than short term interbank loans, with few toxic assets and local loans that are more than comfortably covered by local deposits.

(i) Loans

(12) As regards short term borrowings and long term borrowings, it is required to list the beginning balance and ending balance of credit loans, mortgage loans, hypothecation loans and guarantee loans, respectively.

A deal was finally reached in June 1998 on the restructuring of interbank debt, corporate debt and trade credits.

Non performing loans

Loans are provided to women organized in groups, who guarantee each other's loans.

The securitization of mortgages originally was seen as a triumph, because it shifted risk to financial markets, while taking deposits and making and monitoring loans the purview of traditional banks was regarded as narrow and old fashioned. By contrast, modern banks would seek finance mainly in the interbank market and securitize their loan portfolios.

They serviced the loans.

Number of loans issued

Value of loans issued ( )

Radio Programmes Dubs Loans

These loans are renewable provided that there is no outstanding balance thus no new loans of this type are granted until previous loans have been paid off.

(3)loans and account receivables.

(1)loans and accounts receivables

Loans totalled 118,828 million pesos.

Criteria for loans and grants

Distinction between loans and deposits

2. Loans and revenue assurances

Income generation programmec Loans awarded

Value of loans awarded (US )

Loans (in millions of volumes)

These loans are primarily organized under a group guaranteed lending scheme, but also included individual subsidized loans.

About 44 per cent of the total 1,361 loans issued during the reporting period were managed directly by department staff and included 392 housing improvement loans ( 531,429), 164 small scale enterprise loans ( 599,411) and 43 subsidized soft loans to special hardship families ( 185,936).

The 199,532 in interest earned on 1,361 loans active during the reporting period was channelled into new loans.

In the West Bank, the programme disbursed 4,744 loans, compared to 3,120 loans disbursed in the previous period.

The loans, ranging from 500 to 3,000, were fully repayable on terms similar to those for soft loans.

WASHINGTON, DC Even as the squeeze in interbank lending has started to ease after the rescue of financial systems across the advanced countries, falling economic indicators have sent stock markets tumbling. Pressures on emerging market countries, which were once thought by many to have decoupled from the rest of the world, have intensified as foreign loans are called in and assets sold off.

These microenterprise loans begin as low as 600, with a few more established entrepreneurs taking loans of up to 12,000.

Electronic systems have been upgraded and integrated for use for the Headquarters overseas bank accounts utilizing the SWIFT (Society for Worldwide Interbank Financial Telecommunication) network.

(3)loans and the account receivables and

on the interest rates on private loans.

Interest on loans is high at present.

Bank loans, mortgages, and other financial credits

b Consists principally of loans and deposits.

Table I.6 Loans from closed missions

Formal sector loans are far less accessible.

(c) Loans from United States financial institutions.

Number of loans Amount 1995 Amount 1997

Loans from closed to active missions and Tribunals

In addition, they may apply for study loans.