Economic history of Italy

In the 1960s Greece had an annual growth rate of six or seven percent and was treated by the OECD as a state that was a model of economic growth.

One might have called it a European tiger, a small version of the Asian tigers of the 1990s.

Since the beginning of the year, Bulgarians have closed about 1,200 small deposits accounts every day. The data of the Bulgarian National Bank (BNB) by the end of March show that on a quarterly basis the savings of up to BGN 1,000 in commercial banks decreased by almost 106,000, or more precisely 105,828.

The foreign-currency liquidity of Turkish banks is sufficient to cover a short-lived market closure and moderate outflow of FX deposits, according to credit ratings agency Fitch on late on April 6. 

It projected the banks' short-term foreign currency debt service requirement, in the extreme event of a full market shut down for 12 months, has increased to $45 billion-$50 billion.

Ljubljana – Banks and savings banks in Slovenia received until the end of February a total of 28,485 applications under the government’s scheme that enables loan takers to request a deferral of loan payments. More than 85% of the applications have been approved, with the total exposure related to these loans amounting to EUR 2.6 billion.

Ljubljana – Business chambers have called on the government to extent the scheme under which they may request a deferral of loan payments, an appeal that came just after the central bank said this measure had “served its purpose” and was not sustainable in the long term.

Banks will issue loans up to 50,000 euros each to very small enterprises with an annual turnover of no more than €200,000 in the context of the new Guarantee Fund of the Hellenic Development Bank that is expected to start operating in early March.

The combined net profit of Turkish banks amounted to 59.97 billion Turkish Liras (around $8.4 billion) in 2020, up from the previous year's net income of 49 billion liras, the country's banking watchdog (BDDK) has said.

National Bank (NBG), one of Greece's four largest lenders, has applied to take part in the government's Hercules bad loan reduction scheme and securitise a 6.1 billion euro ($7.40 billion) portfolio of impaired loans, it said on Friday.

Household and corporate deposits recorded a major increase of 4.4 billion euros in December, in a clear indication of the reduction in consumption and the increased liquidity amassed in the economy thanks to the government support measures for enterprises.

The high risk involved in lending to Greek enterprises, due to their small size, and the increased uncertainty in the economy are the main reasons lending rates remain high in Greece.