Banks in a new crisis wave

One in eight indebted companies in Serbia is not able to meet loan payment rates regularly, and according to predictions of bankers, another wave of bad placements will hit banks in a few months. The problem could become even ... More


EIB to Grant EUR200M to Science in Serbia

On March 4, the Serbian government signed an agreement with the European Investment Bank (EIB) on EUR200 million worth of credit to be invested in the development of scientific and technological infrastructure. Serbian ... More


Romanian bank system perspectives are negative

Romania’s banking system perspectives appear to be negative because of the difficult economic conditions triggered by financial recession, but the banks were however able to absorb shocks, a report of the financial rating ... More


Piraeus Bank with New EUR 40 M Credit Line for Bulgarian SMEs

Greek-owned Piraeus Bank has announced a new credit line for supporting small and medium-sized enterprises in Bulgaria. The EUR 40 M credit line of Piraeus Bank for Bulgaria comes under an agreement with the European ... More


Small investors plunk more cash into mutual funds

Small investors in Bulgaria scaled down investments in domestic investment funds to put heftier amounts in foreign schemes in 2009, showed data by the Bulgarian National Bank (BNB). Household investments in Bulgarian ... More


CCB eyes 3rd Macedonian bank

Bulgaria’s Central Cooperative Bank (CCB), part of industrial conglomerate Chimimport, is in talks over the purchase of a third lender in Macedonia, SeeNews reported. The agency quotes Stater Banka as saying in a ... More


BACB launches third property fund

Bulgarian American Credit Bank (BACB) has set up a new real estate investment trust (REIT), the Financial Supervision Commission (FSC) said in a statement. The new unit, named Properties Direct, obtained its permit on Friday ... More


Bulgarian banks expect profits despite harsh conditions

The combined profit of the Bulgarian banking sector added up to BGN 701 million for the eleven months ending in November, down 46.8% year-on-year, showed the latest central bank data. On a monthly basis, however, lenders ... More


Volksbank and Deg offer 20 mln loan to businesses

The local bank group Volksbank (Volksbank International Ag, an international austrian group) and the Deg (German Bank for Development and Investments) have set up a line of loans for Croatian entrepreneurs amounting to 20 million ... More


Alpha Bank Romania launched Happy Winter campaign

Alpha Bank Romania launched “Happy Winter” campaign through which all the clients owners of credit cards benefit from a range of shopping advantages until February 28, 2010, a press release of the bank shows. Thus, ... More


EUR 27 million for national solid waste system

The European Investment Bank (EIB) and Montenegro have signed today in Podgorica a EUR 27 million loan in favour of the solid waste management sector. The loan will be implemented through the Ministry of Spatial Planning and ... More


Bulgarian lending market in growth trend again

According to Dnevnik the Bulgarian lending market gained momentum, recovering its annual growth rate from a year ago, according to the latest figures of the Bulgarian National Bank (BNB). After scrambling up for almost 12 ... More


Bank of Moscow lends NIS USD 100mn

NIS and Bank of Moscow have signed a two-year USD 100mn loan agreement with the possibility to extend the deadline by another year. The funds, which will be used to finance the Serbian Oil Industry’s (NIS) current ... More


Bad loans top BGN 2.7bn

Bad and restructured loans in Bulgarian banks’ credit portfolios soared to BGN 2.750 billion in August, speaking for 7.4% of all business and household loans, showed figures of the central bank. On the month, the volume ... More


Talks for approval of 70 million dollars completed

Talks for the approval of the first tranche of the World Bank's financial assistance to the Serbian budget in value of 70 million dollars have been successfully completed, World Bank economist Marina Ves stated today. She pointed ... More


Alpha Finance Holding slims down stake in Mel Invest

Bulgaria’s financial and industrial group Alfa Finance Holding has halved its equity participation in local real estate investment trust (REIT) Mel Invest. In a filing to the Bulgarian Stock Exchange (BSE) yesterday, ... More


Banks concede mortgages for BGN 1,000-2,000 a month

Bulgarian banks have doubled to BGN 1,000-2,000 the monthly income requirement for mortgage applicants in the first half of 2009 from the year before, according to credit consultants Credit Center. The average mortgage ... More


Six banks promise not to pull capital from BH

Hypo, Raiffeisen, Volksbank, NLB, UniCredit and Intesa Sanpaolo banks, signed a memorandum together with their supervisors from Germany, Austria and Italy, undertaking that they will maintain adequate capitalization as on March ... More


BDB fund to extend BGN 50m loan guarantees

The National Guarantee Fund (NGF) of the Bulgarian Development Bank (BDB) will offer BGN 80 million in loan guarantees for small and medium-sized companies, said BDB managerial agent Todor Vanev. Commercial banks will use the ... More


OTP Bank Romania registered 2.6 million euro losses in the first quarter

OTP Bank Romania registered, in the first quarter of the year, losses of almost 2.6 million euro, seven times more than the losses registered in the same period, last year, a quarterly report of the group reveals. OTP Bank ... More