Bank

Banks are planning their strategy on payments and charges on money transfers ahead of adjusting to the new European Union Regulation, which obliges them to equate the cost of a simple transfer with the cost of transferring money directly, i.e. instant payments.

Deposits of approximately 19 billion euros have returned to banks from households and businesses since 2021, reflecting a 16% increase, according to a note on the Greek economy from the Bank of Greece.

The governor of the Bank of Greece, Yannis Stournaras, has emphasized that despite the progress made by Greek banks on key fronts, challenges remain.

The board chairman of the National Bank of Greece and the Hellenic Bank Association, Gkikas Hardouvelis, stated on Monday the capital adequacy ratios of Greek banks are strong and very close to the corresponding European average, while the liquidity ratios far exceed the minimum requirements and the European average.

The current situation of Greek banks, the great distance they have come in recent years, and their prospects in the demanding and challenging domestic and global economic environment, was discussed today by the Chairman of the Board of Directors of the Bank of Greece.

A new interest rate subsidy scheme for mortgages is on the horizon in Cyprus, promising to ease the burden for many homebuyers.

The Bankers Association has announced that over the past three months it has been finalizing the details of the scheme in partnership with the Ministry of Finance.

The Turkish banking sector maintains its "strong" capital structure despite fluctuations in the profitability of banks, Francis Malige, financial institutions managing director at the European Bank for Reconstruction and Development (EBRD), told state-run Anadolu Agency.

The Financial Supervision Commission (FSC) has alerted its regulated entities about advancing to the next phase of preparations for introducing the euro in Bulgaria, highlighting the crucial role of the non-banking financial sector.

Bulgaria ranks 35th in the 2023 list of the wealthiest countries, with net financial assets per capita amounting to 16,410 euros. The Global Wealth Report, released by Allianz, highlights a notable increase in global financial assets of private households, which rose by 7.6%, offsetting a previous decline of 3.5%.

National Bank and Alpha Bank are reducing commissions in selected categories of transactions.

The reductions also include the charges for direct remittances - i.e. those executed in real time - for which both National and Alpha announced the commission reduction up to a certain amount.