Banking

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.

The EC has Adopted Temporary Flexibility Measures on State Aid

The temporary framework recognizes that the EU economy is experiencing serious disruption

The European Commission has announced that it has approved a temporary legal framework for flexibility with regard to state aid in the context of the COVID-19 disease epidemic. The timetable recognizes that the EU economy is experiencing serious disruption, BTA reported.

Greece to ground all flights in bid to contain Covid-19

Prime Minister Kyriakos Mitsotakis is expected to announce the suspension of all passenger flights to and from Greece on Thursday in a televised address expected later in the afternoon, as the government ramps up measures to limit the spread of the novel coronavirus.

According to information obtained by Kathimerini, the suspension will take effect on Sunday night (March 22).

Govt adopts bill to defer businesses' debt

Addressing reporters after the government session on Wednesday, Finance Minister Andrej Šircelj said the deferral concerned liabilities under loan agreements closed with banks or savings banks.

"Companies, co-operatives, sole entrepreneurs, self-employed and farmers will be able to reach an agreement with banks to defer liabilities for a period of 12 months," said Šircelj.

Turkish Central Bank cuts policy rate full point

Addressing concerns of the fallout from coronavirus, in an extraordinary meeting on March 17 the Turkish Central Bank Monetary Policy Committee (MPC) cut its policy rate from 10.75 to 9.75.

The bank was set to meet on March 19, but with fears of the virus mounting, and cases climbing worldwide, the meeting was moved up.

BNR's Vasilescu: Public, entire Romanian society should understand first urgency is banks not to fall

The public and the entire Romanian society should understand that the first urgency is that banks don't fall, and after this urgency comes solidarity, National Bank of Romania (BNR) Strategy Consultant Adrian Vasilescu said on Tuesday. "The action has to take into account urgencies.

Banking system, support for counteracting negative effects of COVID-19 pandemic on economic, social level

The Romanian Association of Banks (ARB) and the Council of Banking Employers in Romania (CPBR), organizations that represent all the active banking institutions on the Romanian market, grant support to clients and authorities regarding the limitation of negative effects on the individual economic welfare, Romania's economy and public health and safety, in the context of the pandemic caused by t

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