Banking

FX reserve requirement practice, ratios revised

The Turkish Central Bank on Dec. 28 revised Foreign Exchange reserve requirement practice and ratios in order to support financial stability and the real loan growth-linked reserve requirement practice, the bank said in a statement. 

The bank has decided to raise reserve requirement ratios for FX deposits/participation funds by 200 basis points for all maturity brackets, it added.

Editorial: Plethora of bank advisors, squandering, and favours

Everyone can understand the difficulties that Greek banks face in managing the jumble of problems they inherited from the long-term economic crisis.

One can also understand the problems that the management of banks face today as they operate in an environment of limited capital, a lack of revenues, and low profitability.

Enhancing investment via the capital market

Greece's definitive emergence from its financial crisis and the recovery of living standards in the country require considerable new investments, the Foundation for Economic and Industrial Research (IOBE) said in a report presented on Tuesday, which proposed three policy measures for strengthening bank savings through the capital market.

Competition watchdog says bank raid 'initial step' in pricing probe

Greece's competition watchdog says raids at the headquarters of the country's four systemic banks as well as the Hellenic Bank Association (EET) and DIAS Interbank Systems on Thursday and Friday was an "initial step" in its inquiry into possible cartel practices regarding customer charges.

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