Bank
Short-term external debt at $153 billion
Türkiye's short-term external debt stock stood at $153.1 billion at the end of February, indicating an increase of 3.1 percent compared to the end of 2022, according to data from the Central Bank.
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‘World Bank could lend $50bn more with reform’
The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen has told AFP ahead of stakeholders' meetings this week where key changes are expected to be announced.
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Loans with favorable terms for 60,000 SMEs
More than 60,000 enterprises currently excluded from banking loans will acquire access to banks through the new tool "Know Your Customer" created by Hellenic Development Bank, which was presented on Friday during an event attended by Prime Minister Kyriakos Mitsotakis and the leadership of the Development and Investment Ministry.
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IMF chief calls on central banks to continue inflation fight
Central banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund has told AFP.
Since last year, central banks have been raising their benchmark lending rates to tackle inflation, which rose to levels not seen for decades in many countries including the United States.
60,000 SMEs to have access to loans of 2.5 billion euros with favorable terms
Over 60,000 small enterprises that have been excluded from accessing banking loans will now have access to financial support through a new tool called "Know Your Customer," created by the Hellenic Development Bank (HDB). The tool was presented during an event attended by Prime Minister Kyriakos Mitsotakis and the leadership of the Development and Investments Ministry on Friday.
Turkish banking industry sound, says finance minister
The latest data released by the Banking Regulation and Supervision Agency (BDDK) confirmed that the Turkish banking industry, with its high profitability, high asset quality and sound capital structure, has "a healthy outlook," Treasury and Finance Minister Nureddin Nebati has said.
Good time for deposits in banks
This is a good period for decisions on savings, as the yields time deposits offer today range between 1%-2%, depending on the duration and amount. They have incorporated the rise in interest rates and therefore no more aggressive moves are expected in the near future.
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Saudi National Bank chair resigns after Credit Suisse buyout
The chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse which was bought out this month, has resigned, a statement said yesterday.
The Saudi bank's board of directors "accepted the resignation" of Ammar AlKhudairy "due to personal reasons," said the statement published on the Saudi stock exchange.
WSJ: UBS likely to shrink Credit Suisse’s $10 bln shipping portfolio
UBS Group AG will likely shrink Credit Suisse Group's $10 billion shipping portfolio that it inherited as part of its emergency takeover on Sunday, the Wall Street Journal reported on Wednesday.
UBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing people familiar with the matter.
Greek banking system in best position ever
The collapse of Silicon Valley Bank and the serious problems facing Credit Suisse will not have wider consequences for the European banking system, according to Greek bankers.
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