Banking

Survey forecasts no change in interest rates

Turkey's Central Bank is expected to keep interest rates unchanged next week, according to an Anadolu Agency survey on Aug. 14. 

The eighth monetary policy committee (MPC) meeting of this year will be held on Thursday (Aug. 20) to announce the bank's decision on interest rates.

A majority of 22 economists surveyed by Anadolu Agency forecast no change in interest rates.

Piraeus Bank ATMs torched in Pefki

Unknown assailants set fire to two ATMs at the Piraeus Bank branch in Pefki, northern Athens, early on Tuesday morning.
The arson attack caused damage to the two cash machines located outside the bank branch at 43 Irini Avenue.
Police are conducting an investigation to locate the perpetrators.

Great interest recorded in state-guaranteed loans

The Guarantee Fund for the supply of loans to small, medium-sized and large companies with state collateral began operating on Wednesday with high expectations.
These working capital loans will have low requirements and favorable interest rates so as to provide liquidity to corporations during the crisis brought on by the coronavirus pandemic.

United Group is ready to buy Forthnet loans, but sets terms

The signing of the sale contracts for 350 million euros of Forthnet's loans from the creditor banks to United Group appears to be just a matter of days, banking sources tell Kathimerini.
This is also confirmed by sources at British equity fund BC Partners, which is United's parent group.

Turkish Central Bank int'l reserves at $86.3 bln in April

The official reserves of the Turkish Central Bank reached $86.3 billion as of the end of April, the bank announced on May 28. 

The April figure showed that total reserve assets slipped 6.3% from the previous month.

Foreign currency reserves in convertible foreign currencies fell 15.5% to $50.1 billion during the same period.

PM Orban says successful economic rebuilding hinges on partnership with financial, banking systems

Prime Minister Ludovic Orban said on Friday, at a meeting with leaders of the Romanian Association of Banks (ARB), that the success of the economic rebuilding plan lies in the partnership with the financial and banking systems.

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