Fullani accuses foreign banks

Governor of Bank of Albania, Ardian Fullani, raised the alarm that the bringing of foreign banks in Albania, which was dictated by the European Union austerity measures, is damaging the Albanian economy. During a speech in ... More

EBRD supports IMF agreement

During the presentation of a report about the transition period, the Chief Economist of the European Bank for Reconstruction and Development, Erik Berglof, praised the controversial agreement signed between the Albanian ... More

Turkish banks strong on moderate shocks: Fitch

Turkish banks are able to withstand moderate shocks to the quality of their assets and performance, largely due to their capacity to absorb losses, Fitch Ratings said on March 13. “The rating for Turkish banks continues ... More

NBS governor: Banks in Serbia are stable

National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said Tuesday that none of the 29 banks in Serbia is facing lack of liquidity, citizens' savings are guaranteed by the state and the forthcoming early parliamentary ... More

OTP Bank buys Banco Popolare branches in Croatia

OTP Bank on Friday announced today that its Croatian subsidiary OTP Banka Hrvatska has signed an agreement to buy 98.4% of Italy-based Banco Popolare’s branches in Croatia for HRK 107 million (€14 ... More

NBS revokes Univerzal Bank's operating license

The National Bank of Serbia (NBS) Executive Board has decided to revoke Univerzal Bank's operating license and appointed the Agency for Deposit Insurance as the administrator. It has been ascertained that the financial ... More

Turkey's Central Bank makes massive rate hike to stem Lira fall

Turkish daily Hurriyet Daily News (29.01.14) reports that Turkey's Central Bank hiked all of its key interest rates in dramatic fashion at an emergency midnight policy meeting Jan. 28. The bank raised its overnight lending rate ... More

Albania banking system stable despite bad credit rise

The Governor of Albania’s Central Bank Adrian Fulani has said that the country’s banking system is stable despite soaring bad debts. According to Adrian Fulani Albania’s GDP dropped by 2.3% during the 2013 third ... More

Alpha Bank levels harsh criticism against the troika

Greece has made real progress in 2013, therefore the delay in the release of the next loan tranche is questionable, Alpha Bank's analysts said on Friday. "Two of the most striking developments in the Greek economy in 2013 were ... More

EIB: EUR 150 million for Serbia

The European Investment Bank (EIB) has approved a loan of EUR 150 million for infrastructure projects and small and medium companies in Serbia, the EIB has stated. This is the first part of a EUR 500 million intended for ... More

ECB unveils new €10 banknote

The European Central Bank unveiled on Monday, in Frankfurt, the new €10 banknote which starts circulation on September 23 2014. The new €10 will be easily recognisable as its design is similar to the ... More

Corruption case damaged Hellenic Postbank with more than 400 mln euros

Corruption auttorneys pressed charges to 25 people and have already ordered the arrest of seven people related with a case of corporate loans which damaged Hellenic Postbank (TT) with more than 400 million euros in losses. The ... More

New BNR regulations regarding prudential requirements will apply including to branches of foreign banks

The new regulations of the National Romanian Bank (BNR) regarding the prudential requirements for credit institutions that was published in the Official Gazette and came into force on January 1, 2014, will apply including in the ... More

Eurobank to complete merger with New Hellenic Postbank in April

A full operational unification between Eurobank and a new Hellenic Postbank is expected to be completed in April 2014, Eurobank's chief executive Christos Megalou said on Monday. In a letter addressed to Eurobank's personnel on ... More

BBI Continues to Expand Branches in B&H

BBIA new branch of BBI bank in B&H officially opened today in Živinice. After the opening of a new branch in Vitez last month, BBI bank continued to expand its business network in B&H by opening its 23rd business unit. ... More

Banks expect stagnation of credit activity in 2014

The credit activity of banks in Serbia will stagnate at best in 2014, amid an increasing number of bad loans and low economic growth, banking experts have told Tanjug. Data cited by the National Bank of Serbia show a ... More

Fitch Affirms Long-Term Ratings of NLB, NKBM, Abanka

Ratings agency Fitch preserved the long-term issuer default ratings of NLB, NKBM and Abanka Vipa, three banks Slovenia recapitalised last week with EUR 2.8bn. The long-term ratings for NLB and NKBM remain at BB- with a negative ... More

NBS: FX reserves/ M1 money supply ratio at 332 percent

The National Bank of Serbia (NBS) has announced that foreign exchange (FX) reserves totaled EUR 10,362 million at the end of November, with the FX reserves/ M1 money supply ratio at 332 percent, which is enough to cover imports ... More

Slovenia’s central bank governor continues to see bailout risk

Slovenia, which uses the euro, is a reminder of the still-simmering problems in the periphery. Central bank governor Bostjan Jazbec spoke with Reuters and said a bailout for its banks is not off the table, that privatization ... More

NBS has important role in European integration process

The National Bank of Serbia (NBS), the EU Delegation in Serbia and the European Central Bank (ECB) celebrated a successful finalisation of the programme of cooperation which aimed to help the Serbian central bank in preparations ... More