European Banking Authority

Low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system.

In contrast, Cypriot banks are in second place among European banks in terms of return on equity.

Central bank cautions of cryptocurrencies' high volatility and risk

The National Bank of Romania (BNR) notes that the public interest in virtual currencies (also called crypto-assets) is on a steady upward trend and cautions that, in its opinion, these remain highly volatile and extremely risky speculative assets that are highly likely to cause financial loss to the investors, BNR said in a statement on Thursday.

Bank loans subject to Covid-19 repayment relief hit $37 billion last year

Greek banks deferred repayments on 30 billion euros ($36.85 billion) worth of loans last year to help borrowers cope with the financial fallout of the Covid-19 pandemic, the country's banking association said on Tuesday.

Lenders granted payment deferrals to about 400,000 individuals and businesses between January and November, the association said.

Bulgarian Council of Ministers Reports on Support Measures for Business

We have made a lot of effort and to our delight the colleagues from the European Banking Authority, allowed the Bulgarian business to use this moratorium and postpone the payment of interest or principal on loans in the coming months of the pandemic. This was stated by Prime Minister Boyko Borissov during a working meeting at the Council of Ministers with members of the government.

Banks ask for extension to moratorium

Local and many other European credit institutions have submitted a request to the European Banking Authority for the inclusion of new loans in a repayment moratorium. The deadline for a bank to apply a payment freeze due to Covid-19 expired on September 30, but the intensity of the crisis and the successive lockdowns are forcing the supervising authorities to review their position.

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