Jorcon incurs net loss of €2.5m as liabilities grow

Jorcon incurs net loss of €2.5m as liabilities grow
During the years the shareholders in Jorcon Ltd made regulation financial contributions towards the servicing of the company's loan facility, according to the accounts. The company incurred a net loss of €2.5 million in the 16 months to the end of …
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Moody's Updates Approach to Rating RMBS Using the MILAN Framework
Milan, May 28, 2013 — Moody's Investors Service has today published an update of its methodology for rating residential mortgage-backed securities (RMBS) using the Moody's Individual Loan Analysis (MILAN) framework. As part of this … The approach …
Read more on Moodys.com (press release) (registration)

Ridding of toxic loans too costly for Kazakhstan banks: expert
A non-performing loan is loan on which the borrower is not making interest payments or repaying any principal for some time. Banks are supposed to set aside money to cover the potential losses on such loans (loan loss provisions) and write off the bad …
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