Economic history of Italy

Total credit in Greece's banking system expanded 0.7 percent year-on-year in March after a 1.0 percent decline in the previous month, Bank of Greece data showed on Friday.

[Reuters]

Fifteen banks in Turkey have been fined nearly 20 million Turkish liras, the country's banking watchdog announced on May 15. 

Greek banks on Wednesday joined the country's battle to secure liquidity and replace the funds the government is drawing from the state's cash buffer so as to finance the support measures for the economy and businesses.

The possibility of mergers between Greece's systemic banks is strong according to 78 percent of credit sector officials, while even more professionals in the sector (79 percent) anticipate a shrinking of the network by more than 20 percent.

The sum of installment repayments for loans taken out by individuals and small businesses that have been suspended in agreement with the banks as part of the economy's support measures add up to almost 4 billion euros.

North Macedonia's commercial banking sector remains liquid and profitable - but its current good health must be guarded, experts say, when nobody knows how long this crisis will last.

Turkish state-owned lenders have created an extra credit volume of 27.5 billion Turkish Liras (about $4 billion) in the last 10 days, the head of the country's banking watchdog has said, criticizing the private banks for the contraction of their credit pool some 5 billion liras ($737.2 million) in the same period.

Turkish banks' foreign currency swap transactions cannot exceed over 1 percent of their equities, the country's regulatory authority said on April 12.

Due to rising disparity and risks related to the COVID-19 pandemic, the Banking Regulation and Supervision Agency limited forex transactions for financial stability.

The Finance Ministry decided on Thursday to extend the deadline for applications for state support to enterprises, known as the "Deposit To Be Returned," until April 21, as numerous small businesses have not managed to collect the necessary documents. The original deadline was on Friday.

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck.