Bank

The Greek Finance Ministry will table legislation within the next two weeks halving the fees for POS transactions, MInister Kostis Hatzidakis said on Tuesday.

The Turkish private sector's total outstanding loans received from abroad declined by $394 million from the end of 2023 to stand at $163.4 billion as of February, the data from the Central Bank have shown.

Travel receipts posted a remarkable 24.5% increase year-on-year in Greece in January and February, Bank of Greece data showed on Friday, helping moderate the country's current account eficit.

Second Wealthiest Greek Grabs Majority Share, Securing Dominance in Banking Sector

The combined net income of Turkish banks increased by 14 percent in the first two months of 2024 from a year ago to 74.7 billion Turkish Liras, data from the Banking Regulation and Supervision Agency (BDDK) have shown.

The total assets of the banking industry increased by 4.7 percent from the end of 2023 to stand at 24.7 trillion liras, the watchdog said.

The number of people with unpaid consumer loans and credit card payments declined by 11.6 percent last year from 2022 to 1.32 million, according to data Encazip compiled.

In 2022, nearly 1.5 million people failed to make consumer loans and credit card payments, according to the numbers of the Turkish Banks Association's (TBB) Risk Center.

Turkish banks have hiked their deposit rates and loan rates after the Central Bank, in a surprise move, increased the policy rate by 500 basis points to 50 percent last week. 

The average return on three-month lira deposits rose to 55.66 percent. The three-month deposit rate was around 28 percent almost a year ago.

Türkiye Wealth Fund (TWF) has signed a $100 million Murabaha financing agreement with Sharjah Islamic Bank (SIB).

This three-year term agreement marks the first Islamic finance transaction for the TWF.

Doğan Investment Bank acted as the financial adviser and coordinator for the transaction, the fund said in a statement.

Turkey's central bank on Saturday raised the maximum interest rate on credit card cash withdrawals to 5% from 4.42%, according to a decision published in the Official Gazette, in a move aimed at additional tightening.

The Bank of Greece notes that since the fourth quarter of 2021, the increase in private sector deposits has slowed down overall