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Asset-backed securities (ABS) transactions backed by consumer loan portfolios in the Europe, Middle East and Africa (EMEA) region accounted for an outstanding pool balance of EUR26.7bn distributed among 44 underlying pools of receivables as at theend of the third quarter of 2008, says Moody's Investors Service in its new index report for the EMEA consumer loan ABS market.
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The Taiwan government has announced a loan program of NT$600 billion (US$18.15 billion) for local medium- to large-size enterprises suffering from the ongoing global financial crisis. The program, approved on November 13, allows banks to provide each applicant a loan of up to NT$60 million, according to the announcement.
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