Banks

The administrations of the four major Greek banks are ready to press the button for the abolition of interest on all deposit demand products, savings and current accounts.

The Spanish bank that owns a 49.85 percent share in Garanti BBVA launched a voluntary takeover bid yesterday for the rest of the stakes in the Turkish lender at a price of 12.20 Turkish Liras ($1.22) per share.

KBC Bank (KBC) and Austria's Raiffeisen Bank International (RBI) have announced that they have reached an agreement with a Belgian-based banking group to acquire 100% of the shares of Raiffeisen (Bulgaria) EAD, which conducts banking operations on the side of RBI.

The Turkish Central Bank raised reserve requirement ratios for foreign currency and precious metal deposit accounts on Nov. 8.

Announcing the move in the Official Gazette, the bank increased the ratio by 200 basis points for all such accounts.

Belgrade – The NLB group has serious plans for the Serbian market, said Serbia’s Finance Minister Siniša Mali after Friday’s meeting with NLB CEO Blaž Brodnjak, the Serbian Press Agency Tanjug reported.

Minister Mali noted in his post on Instagram that the Slovenia-based banking group successfully completed acquisition of Serbian Komercijalna Banka last year.

Alpha Bank recorded the highest rise

Banca Transilvania Group's net consolidated profit for the first half of 2021 stands at 1.015 billion lei, up 47.2 percent compared to the same period last year, with the bank's profit standing at 901 million lei (48.3 percent higher YoY), the group said in a report to the Bucharest Stock Exchange.

Ljubljana – Slovenia is presenting the framework for its first sustainability bond to investors in a global call on Monday, to be followed by one-on-one calls with interested investors on Tuesday, the Finance Ministry has announced. The issue will depend on the market situation.

Ljubljana, 16 June – Finance reported on Wednesday that the Serbian AIK Banka is close to signing a deal to buy all of Russian Sberbank’s operations in Southeast Europe, including those in Slovenia. A potential merger of Sberbank in Slovenia and Gorenjska Banka, which is owned by AIK, would create the third largest banking group in the country.

With tourism accounting for more than 20% of the Greek economy, the recovery expected this year will give a significant boost to GDP. This emerges from the report of the British bank HSBC in relation to the prospects for tourism this year.