Bank to assist Islamic banks set to launch

Mega Islam Bank aims to support the development of banks in financing big projects and is planned to be found with $1 billion in capital. Mega Islam Bank, which aims to assist the development of banks in financing big projects, ... More

National Bank confirms talks to sell real estate subsidiary

National Bank on Wednesday said talks on reaching an agreement for the sale of its subsidiary real estate company National Pangaea to an international investor was currently underway, but negotiations have not been concluded ... More

Bank drain ghosts to haunt Bulgaria again - Greek Media

The European Commission has told Greek banks to curtail funding to their subsidiaries in South Eastern Europe, including Bulgaria, according to Greek media reports. “Local banks will have to curtail their operations in ... More

ECB president says premature to assess whether Greece will need third support programme

European Central Bank (ECB) president Mario Draghi expressed the view on Monday that it was premature to be assessed whether Greece will need a third support programme. He also insisted that the Greek debt is sustainable. ... More

Commercial banks in Croatia post Q1 gross profit of HRK 958.8 million

Commercial banks in Croatia generated a total pre-tax profit of HRK 958.8 million in the first quarter of the year, according to unaudited figures for 31 banks released by the Croatian National Bank (HNB) this past Wednesday. ... More

Top Three Banks to Transfer EUR 3.33BN on Bad Bank

The three largest Slovenian banks are to transfer a combined EUR 3.33bn worth of bad loans onto the bad bank, an operation which would reduce their portfolio of non-performing loans to 8.87% from 24.61%, according to estimates by ... More

New Islamic banks ready to open soon

Turkey has begun to open the doors to giving new banking licenses after the 2001 banking crisis, with no exception for interest-free Islamic banks, called participation banks. Turkish Deputy Prime Minister Ali Babacan said at ... More

Piraeus Bank received financial injection from Portugal

Piraeus Bank agreed to acquire the Greek branch of Millennium Banco Comercial Portugues (ВСР) - Millennium Bank Greece (MBG) - against EUR 1 million, the financial institution announced on Monday. According to ... More

Serbia wants list of citizens with Cyprus savings

Veroljub Dugalic, secretary general of the Association of Serbian Banks, said Tuesday that Serbia should get a list of its citizens with savings in Cypriot banks. According to Dugalic, Serbia should help these people, who ... More

Bulgaria has EUR 100 M in Cypriot Banks

The Central European Bank said in a statement Thursday it would continue to provide emergency financing to Cypriot banks until Monday. Bulgarian individuals and companies, which are not banks, have a total of EUR 100 M in ... More

Cyprus Launch Special Fund to Qualify for Bailout

Cyprus plans to launch a state investment fund to raise billions of euros required to qualify for a EUR 10 B international bailout. The new package of measures is still under discussion to reach a target of EUR 5.8 B demanded ... More

EBRD officials discuss EBRD's involvement in privatisation and private sector funding in Romania

Romania's Minister of Finance Daniel Chitoiu on Thursday welcomed a visiting delegation of the European Bank for Reconstruction and Development (EBRD) headed by EBRD Managing Director for Central and South-Eastern Europe ... More

Turkish banking sector grows 12.6 pct in year

The banking sector has raised 23.6 million liras, while the total size of assets reached 1.3 billion by growing 12.6 percent last year, banking agency head says The President of Turkey’s Banking Regulation and Supervision ... More

EBRD to invest EUR 300 million in Serbia

The European Bank for Reconstruction and Development (EBRD) will invest EUR 300 million in Serbia this year through some twenty projects, said EBRD director for Serbia Matteo Patrone, noting he is very satisfied with the way EBRD ... More

Alpha Bank to issue 2.0-bln-euro bond loan‏

An Alpha Bank repeat extraordinary general shareholders’ meeting on Thursday approved a board plan to issue a bond loan, worth up to 2.0 billion euros. The bond issue will covered through a private placement by the Hellenic ... More

Greek banks to return to markets this summer

Greek banks could return to international capital markets this summer, Mihalis Sallas, the chairman of Piraeus Bank, said on Thursday. Speaking to reporters, after a bank's extraordinary general shareholders' meeting, the Greek ... More

Support for NBS from European Central Bank

The European Central Bank (ECB), together with the banks of the European System of Central Banks (ESCB) and the European Commission, decided on Thursday to extend its two-year cooperation project with the National Bank of Serbia ... More

Every third Bulgarian bank at a loss

Every third Bulgarian bank is at a loss, the statistics of the Bulgarian National Bank (BNB) for 2012 shows, the Presa daily writes. Ten of the financial institutions operating in Bulgaria met the end of the year with a combined ... More

8 New Startups Join EUR 12 M Accelerator in Bulgaria

Eleven is a EUR 12 million venture fund that provides financing to early-stage startups using an incremental investment approach. File photo Eleven аccelerator venture fund, which was launched in Bulgaria in August last ... More

National Bank unveils strategy for 2013, Eurobank merger

Completion of a plan to create a new National Bank Group, successful conclusion of a bank recapitalization procedure and the offer of liquidity to the real economy are the chief executive Alexandros Tourkolias said on ... More