Banking

European Commission boosts Greek market liquidity

The European Commission gave a fresh boost to the Greek economy on Friday by approving a lifeline of 2 billion euros for the country's businesses.

Greece had requested support in the form of loan collateral that will be granted to local banks through the Hellenic Development Bank, so as to cover loans for corporate liquidity.

Central Bank unveils new measures on COVID-19

The Central Bank of Turkey (CBRT) on March 31 introduced new measures to limit the economic fallout from the novel coronavirus pandemic.

The steps aimed to back monetary transmission mechanisms, banks' flexibility in liquidity management, uninterrupted credit flows to the corporate sector, and firms exporting goods and services.

Banks register $2.4 bln net profit in Feb-Jan

Turkey's banking sector recorded 15.1 billion Turkish liras ($2.4 billion) net profits as of end-February, the country's banking watchdog said on March 30.

Total assets of the sector jumped 20 percent year-on-year to 4.7 trillion Turkish liras ($759.7 billion), the Banking Regulation and Supervision Agency (BRSA) report revealed.

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