Greece's central bank 'ready to help' throughout the Balkans

Postbank Bulgaria chief executive Anthony Hasiotis says that media reports that Greece's central bank was prepared only to help out Greek banks in Greece were not true, and said that the central bank was ready out to help out ... More

Bank system in Bulgaria remains stable

The bank system in Bulgaria remains stable despite the shock at the international capital markets, the Greek agency ANA-MPA reports, citing the Bulgarian Minister of Finance Plamen Oresharski. The Minister said that the bank ... More

The Republic of Srpska Investment-Development Bank buys bonds of Gradiska

The Republic of Srpska Investment-Development Bank (IRBRS) released the information that they would purchase bonds of the District of Gradiska in the amount of BAM 499,000 with the aim to stimulate other investors to buy the debt ... More

Piraeus Bank to buy 26.6% of Proton Bank

Greece’s fourth largest lender Piraeus Bank said it has agreed to acquire a 26.6% stake in small size investment Bank, Proton Bank, via a share swap, with a view to fully acquire it at a later stage. Piraeus Bank said the ... More

TTK banka opened branch in Veles

On Wednesday TTK banka opened a new branch in Veles and expanded its network to 3 main branches in Skopje, Tetovo and Bitola and 29 branches all over Macedonia. The new branch in Veles opened its doors to small and medium-sized ... More

Fitch Ratings revises First Investment Bank outlook to negative

Fitch Ratings, the global credit ratings agency, has said that it revised the outlook on Bulgaria's First Investment Bank (FIBank) BB- long-term rating to negative, reflectingthe bank's challenges "facing in the current market ... More

KBC bank to increase capital

KBC bank will increase its capital stock by EUR 60 million, the president of the bank’s Executive Board Avram Milenkovic announced. Belgium KBC Group took over the Belgrade-based A banka last year, rebranding it into KBC ... More

C-bank governor: Bulgarian banks have no risk exposures

Bulgarian banks have no direct exposure to low-rated mortgage-backed securities, Bulgarian National Bank (BNB) governor Ivan Iskrov told a forum of Hungarian OTP Bank held in Sofia. Bulgarian lenders apply totally different ... More

Raiffeisen Bank BiH: The largest bank in Bosnia 2008

With assets totalling 4.1 billion Bosnian Marks and a market share of 20 per cent (as of June 30, 2008), Raiffeisen Bank BiH has managed to keep its leading position among commercial banks in the Bosnian market. The bank also ... More

OTP Bank sets up Cyprus-based company

Hungary’s OTP Bank said it has established OTP Holding Limited, a company registered in Cyprus, transferring into it shares it holds in its insurance unit OTP Garancia, the property unit OTP Ingatlan and the travel agency ... More

NBS, ECB sign protocol

On Sept. 1, the National Bank of Serbia signed a cooperation protocol with the European Central Bank, the European Agency for Reconstruction and a European Commission in Serbia delegation regarding the implementation of a ... More

National Bank clears sale of IK banka

The National Bank of Macedonia on Friday cleared Dutch Demir-Halk Bank to acquire more than 50 percent of sticks of IK banka Skopje. The transaction should be completed within 180 days from issuing the clearance. DHB has been ... More

UniCredit Bulbank presents its MetroPlus business credit card

UniCredit Bulbank launched a special business credit card called MetroPlus, allowing cardholders to pay their purchases at Metro Cash and Carry chain stores benefiting from a 10-day grace period. The bank issues MetroPlus cards ... More

Credy Banka to be privatised

The privatisation of Credy Banka of Kragujevac, in central Serbia, will be launched soon, Belgradés office of the Italian Foreign Trade Institute (ICE) announced, quoting Serbian Finance Minister, Mirko Cvetkovic. The ... More

Bank of Moscow set to launch in Serbia

Bank of Moscow Belgrade has met all the required conditions for doing business in Serbia, its advisers Citadel Financial said Wednesday. The Russian bank previously obtained a greenfield banking license in mid-May. Bank of ... More

Austrian Hypo to open bank in FYRMacedonia

Austrian financial group Hypo will open a bank in Macedonia, Djordje Vojnovic, a member of the Management Board of Hypo Alpe Adria Leasing, which is already active in Macedonia, announced. He revealed that Hypo prefers buying a ... More

Fima Group interested in a bank in Serbia

Investment firm Fima, based in Varazdin, is currently looking to enter the Serbian market by recapitalizing a bank there. It is seriously negotiating with three Serbian banks, confirmed Fima Group CEO Milan Horvat. “We ... More

BRD draws EUR 30 M from EIB to finance SMEs

BRD-Groupe Societe Generale has obtained EUR 30 M from the European Investment Bank (EIB) to lend to SMEs for investment projects, the bank informed bypress release, yesterday. The European Investment Bank meets 50 per cent of ... More

IFC to enter Fima bank

International Financial Corporation (IFC), a member of the World Bank Group, expressed its intent to acquire a ten-percent stake in the Sarajevo-based Fima banka, Milan Horvat, the president of the Management Board of Fima Group, ... More

BDDK creates finance map of Turkey

The Banking Regulation and Supervision Agency (BDDK) has designed a financial map of Turkey that will ensure easy access to banking sector information while also boosting competition among banks, Today's Zaman reported. The map, ... More