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The agreement for the loan, equivalent to about $4 billion, was announced at a press conference in Belgrade by Serbian government officials and Albert Jaeger, a fund representative.
It has been reported that lenders could pay around 0.9% of the total amount, being borrowers, to guarantee a slice of the loan equivalent to 15% of the purchase price.
Every member has a passbook to record her savings and each is entitled to a short- or long-term loan equivalent to three times her shares, up to a maximum of 500,000 shillings.
But lawyers for Spanish and Latin American investors said Tuesday that Santander had approached some clients, offering to also extend to them a loan equivalent to 85percentt of their original investment.
With no startup funding at hand, Wileman who lived with his parents in Leicester, England applied for a loan equivalent to $2,500 from the Prince's Trust, a fund in Wales that helps young people get jobs, education and training.
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It has paid as much as 20percentt interest on other loans, equivalent to credit card rates.
Margin loans equivalent to one-fifth the value of listed stocks poised the market on a tall but shaky scaffolding.
Meanwhile, the many local credit co-operatives are stuck with bad loans equivalent to over 7% of all their lending.
All this makes life even tougher for India's state-owned banks, which already have sour loans equivalent to 10-12% of their loan books.
The regional savings banks had nonperforming or delinquent loans equivalent to 4.4percentt of total loans in January, compared to 3.2percentt among regular, listed banks.
Its banks, mostly state-owned, are now nursing an estimated 7.9 billion euros ($10.7 billion) in bad loans, equivalent to as much as 22.5 percent of national output.
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CEO of Professional Science Editing for Scientists @ prosciediting.com