€5 million package to Sparkasse Bank Macedonia

The EBRD is continuing to increase the availability of financing to the real economy in FYR Macedonia with a €5 million financial package to Sparkasse Bank Macedonia for on-lending to small and medium-sized enterprises ... More

Piraeus Bank shareholders agree to EUR 1.05 bln capital increase

Piraeus Bank, the fourth largest bank of Greece, yesterday obtained its shareholders’ agreement to increase its capital by issuing new stock and convertible bonds worth EUR 1.05 bln, Mediafax reports. “We isolate our ... More

€10 million sub-loan to Banca Intesa Beograd

The EBRD is extending the availability of agricultural commodity financing in Serbia, with a €10 million loan to Banca Intesa Beograd aiming to improve the access to funding for agribusinesses and promote the use of ... More

Attica Bank aims to double market share

Attica Bank’s main goal is to double its share in the domestic banking market, from 1.5 pct currently to 3.0 pct, through organic and other development, Ioannis Gamvrilis, the bank’s chairman said on ... More

Geniki Bank reports 304 mln euros

Geniki Bank on Tuesday reported a loss of 304.1 million euros in the nine-month period from January to September, after a loss of 51.4 million euros in the corresponding period last year, reflecting higher bad debt provisions ... More

Bulgarian households draw on savings

Bulgaria's household deposits registered a decline for the first time in a year and three months, with drawn funds in September exceeding savings by BGN 25 million, according to data of the Bulgarian National Bank (BNB). Life ... More

ATEbank prepares restructuring plan

Greek Finance Minister George Papaconstantinou on Wednes-day met with ATEbank’s governor Theodore Pantalakis. Speaking to reporters, after the meeting, Pantalakis said the meeting focused on additional plans toward the ... More

NBG seeks to revive domestic interbank market

Opening up the interbank market is a challenge than can be achieved in the medium term and within the year following National Bank's recent successful a share capital increase, Apostolos Tamvakakis, the bank’s chief ... More

Eurobank raises 300 mln euros from interbank markets

Eurobank EFG on Monday announced the successful completion of the first state bond financing transaction from interbank markets. The bank said it has borrowed 300 million euros for two-years from a non-Greek investment bank using ... More

EIB to approve around EUR 900 mln for Serbia

The European Investment Bank (EIB) will approve loans for Serbia worth almost EUR 900 million this year, EIB President Philippe Maystadt said Thursday. Last year the EIB approved loans for Serbia to the amount of EUR 893 million, ... More

OTP formed a factoring company in Montenegro

The owner of Crnogorska komercijalna banka (CKB), Hungarian OTP bank, formed the first company that will deal with factoring jobs in Montenegro. The company was named OTP Factoring Montenegro d.o.o. and it invited a tender for ... More

Deposits with non-residents slump by EUR 369m in May

Deposit withdrawal by non-residents is one of the key drivers for Bulgaria’s financial account deficit of EUR 998 million at the end of May, up EUR 76.6 million on a monthly basis, showed preliminary data by the Bulgarian ... More

BCR internet banking users’ total tops 800,000

The number of registered users of BCR’s internet banking service – natural persons, self-employed persons and micro-enterprises – has grown from over 740,000 at the end of 2009 to over 800,000 at the end of May, ... More

Bank of Cyprus gives up increasing capital in Banca Transilvania

The Bank of Cyprus Group decided, taking into consideration the rest of its priorities, to withdraw its application to the National Bank of Romania for the increase of its participation in the share capital of Banca Transilvania ... More

Moody's Lowers Ratings of Greek Banks Operating in Bulgaria

Moody's Investor Service has downgraded Greek banks after reducing Greece's credit rating. File photo International agency Moody’s has lowered the credit ratings of the five Greek banks that have operations in ... More

Eurobank launches 1.2-bln-euro

Eurobank on Wednesday successfully issued two covered bond issues, worth 1.2 billion euros, as part of a strategy to boost its cash flow and secure funding of its development program. The Greek bank issued its third series of ... More

Turkey's development bank posts 25.5 mln TL net profit in 2009

Development Bank of Turkey (TKB) has posted a net profit of 25.5 million Turkish liras for the year 2009. (1 USD is equal to 1.56 TL) Speaking at the bank's 27th general assembly meeting on Monday, TKB's Director General ... More

Vice-Governor of NBS to generate more capital inflows in Serbia

Deliberating consequences and policies of capital inflows seems perhaps inappropriate against the backdrop of recession and depreciation pressure on dinar. Yet, the situation may change rapidly, as the recent experience of the ... More

Metals bank turns into development bank

After Vojvodina paid RSD 3.5 billion to formally become the majority owner of Metals banka, holding 61.9 percent in the capital, Metals banka is being renamed into the Development Bank of Vojvodina. The bank will conduct business ... More

World Bank funding two projects in Kosovo, amounting 20 million USD

Through an agreement signed in Pristina, Kosovo Government will benefit from the World Bank 20 million dollars for the implementation of 2 projects. 12.3 million dollars will be spent for property (real estate) registration ... More