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Commercial banks that have extended loans to Greek clients would also suffer.
In India, for example, the bank has extended loans directly to state governments.
Europe extended loans to kleptocracies in Africa before concluding that it was neither in its interests nor Africa's.
He also extended loans to aid cultivation and prevent migration to the city and expanded silver mining to create employment.
The E.B.R.D. recently extended loans to Banca Comerciala Romana, a Romanian subsidiary of the Austrian bank, Erste Bank.
China has also extended loans for two hydroelectric dams it will build in Patagonia, among other projects.
Similar(34)
Like their American counterparts, European banks have often extended loan terms in the hope that values will improve, a process that is known as "extend and pretend".
Where possible, owners are trying to extend loans.
For those cut off from the markets, it can extend loans.
It will extend loans of $700m to improve Sri Lanka's railways.
We are extending loans for the cost of tuition to the majority of part-time students.
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