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Republican People's Party (CHP) leader and Nation Alliance's presidential candidate Kemal Kılıçdaroğlu has pledged the citizens to make regulations in order to ease the burden of credit card debts if he is elected as the president in the May 28 polls.

The Central Bank has canceled a previous decision that introduced limits on cash advance withdrawals from credit cards and overdraft accounts.

The bank announced the decision regarding cash advances at the start of the week.

Potential homebuyers in Türkiye currently are taking a wait-and-see approach, anticipating that banks will eventually turn on the credit taps after the May 14 elections.

As demand has weakened, some property owners are reducing their asking price in an attempt to find a buyer.

Prices of houses offered on the market for sale have declined by 5 percent, daily Milliyet reported.

Nonperforming loans in Cyprus rose by 12.8 million euros in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans.

According to data released on Thursday by the Central Bank of Cyprus (CBC), total loans in January 2023 amounted to €24.3 billion, €24.36 billion lower than in December 2022. Provisions against NPLs amounted to 47.2% in January 2023.

The process of raising interest rates in Bulgaria will accelerate in the coming months, the BNB predicts in the traditional publication "Banks in Bulgaria". The Central Bank warns that there are prerequisites for the accumulation of risk in the balance sheet of the banking system.

After pretending to hire a group of unemployed people with high wages in contract companies, an illegal gang that have taken loans on behalf of the victims have made a profit of 500 million Turkish Liras ($25.8 million).

The collapse of Silicon Valley Bank and the serious problems facing Credit Suisse will not have wider consequences for the European banking system, according to Greek bankers.

The Greek banking system is clearly in a much better position now to absorb any turbulence from international markets than it was four years ago, Finance Minister Christos Staikouras said on Thursday, commenting on global banking system tensions caused by the collapse of Silicon Valley Bank and the crisis at Credit Suisse.

The online platform for the new regulation for repaying debts in 36-72 installments is expected to open immediately after Easter, for thousands to be able to rearrange the debts they incurred between November 2021 and February 1, 2023.

Constantinos Herodotou, governor of the Central Bank of Cyprus (CBC), has called for the preservation of fiscal space, as economic prospects are deteriorating due to Russia's war in Ukraine.