Economic history of Italy

1 Billion BGN is the Profit of the Banks For the First 7 Months of 2019

One billion leva is the profit of the banks for the first seven months of the year, according to BNB data. It increased by BGN 95 million compared to July last year.

About 60% of assets in the banking system are concentrated in the five largest banks, BNB data show. The whole system has seen an increase in the credit portfolio and the portfolio of government securities.

Banks to cut up to 4,000 staff in 2019 as NPL sale slashes assets

The reduction of Greek banks' stock of bad loans is also leading to a shrinking of the credit system's assets, which may make local lenders healthier but also significantly smaller. This comes at a time when the penetration of technology is changing their operation model, reducing jobs at their networks of conventional branches.

13,000 people join ‘millionaires’ club in Turkey

The number of deposit holders with at least one million Turkish Liras and more in their bank accounts increased by 12,777 in the first quarter of 2019 compared to the end of 2018 to reach a total of 192,903, state-run Anadolu Agency has calculated based on data from the country's banking regulator BDDK.

FinMin Teodorovici says difference resulting from new benchmark based on interbank transactions, below ROBOR

The difference between the new benchmark index based on interbank transactions is below what the ROBOR Romanian inter-bank offer rate is now, Minister of Public Finance Eugen Teodorovici told a news conference on Tuesday. "The difference following this new benchmark calculated against interbank transactions is below what ROBOR is today.

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