Banking

Editorial: Contemporary Shylocks

Last Thursday the prime minister invited the heads of Greek banks to his office to discuss exorbitant fees even for the simplest electronic services.

Prior to that there was a deluge of customer complaints when they discovered that banks exacted a fee even for an electronic printout of their account balances.

If you can make it here, you’ll make it anywhere

Large investments are important and one can only hope that either those whose implementation we have been awaiting for several years finally become unstuck or other new ones get under way. However, we should not underestimate the importance of Greece's small and medium-sized businesses. The country must boost its own production.

Housing loan volume hits $33 billion

Turkey's housing loans extended by local lenders increased from 178.7 billion Turkish Liras at the end of July to 189 billion liras in the second week of October, as banks cut borrowing costs for potential home buyers, state-run Anadolu Agency reported, citing data from the banking sector regulator BDDK.

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