net lending/borrowing

Possible additional payments might have an impact on net borrowing/net lending in the case of sales of non-financial assets only at the time they occur.

6. The name, identifying information, contact information and amount of indebtedness for every person to whom the applicant is indebted for more than 5% of the applicant’s total indebtedness.

The fee is recoverable from borrowers, who may reimburse the lenders when their loans are advanced or have the amount of the fee added to their loan balances provided that the individual borrower's loan maximum of $250,000 in total is not exceeded.

A very high share of non-performing loans burdens the financial sector and high stock of private, public, and external debt hangs on the economy, in the context of high unemployment and weak potential growth.The current account is still negative and is not adequate to guarantee a sustainable evolution of the net external liabilities stock.Government debt is expected to have peaked, but the current relaxation of fiscal policy is foreseen to slow down the needed adjustment.Despite a major restructuring of the banking sector and improved capital positions, the stock of non-performing loans is slowly declining but remains very high.