As recent analyses have shown, the bad loan recovery rates actually observed, including in the last few years, are generally in line with the valuations banks use in their balance sheets. This confirms that not even for bad loans can an accurate assessment of their value be based on the assumption that they will be sold immediately.
As far as portfolio investment is concerned, the access to foreign investors is fairly well defined – the only constraint, consistent with the international norm, is that portfolio investment by an individual investor cannot exceed 10% of the outstanding stock of a company and the aggregate portfolio investment cannot exceed 24% or such higher limit as may be decided by the company concerned.