Economic history of Italy

The funds invested last year in the housing market nationwide are estimated at over 8 billion euros, highlighting the upward trend in demand but also in prices.

This amount is high considering both the fact that banks no longer finance 100% of the value of properties to be purchased, and the fact that only 20% of purchases and sales are made through bank lending.

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.

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.

Cyprus' Finance Minister, Makis Keravnos, has written letters to the director general of the Cyprus Banks Association and the director general of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to 350,000 euros.

The latest data released by the Banking Regulation and Supervision Agency (BDDK) confirmed that the Turkish banking industry, with its high profitability, high asset quality and sound capital structure, has "a healthy outlook," Treasury and Finance Minister Nureddin Nebati has said.

Against the backdrop of this month's global financial system turmoil, Greek banks announced results that show that the chapter of losses from the management of bad loans has been closed for good and they are now focusing on the qualitative improvement of their profitability.

A group of mid-sized US banks has called on US federal regulators to guarantee all their customers' deposits for 2 years, even if they are above the guaranteed deposit limit of up to 250,000 dollars. The aim is to avoid the "phenomenon of contagion" after the bankruptcy of Silicon Valley Bank (SVB), reports "Bloomberg", quoted by AFP and BTA.

The turmoil in the US banking sector following the collapse of Silicon Valley Bank (SVB) should have only a limited impact on European banks, which are organized differently, said ratings agencies Moody's and S&P Global on Tuesday, AFP reported.

BELGRADE - Serbian banks have no business ties with Silicon Valley Bank or any exposure to it and there is no possibility of the bank's closure having a direct or indirect impact on the Serbian banking sector, the National Bank of Serbia (NBS) told Tanjug on Tuesday.

The US administration stepped in on Sunday with a series of emergency measures to shore up confidence in the banking system after the failure of Silicon Valley Bank threatened to trigger a wider systemic crisis.