Economic history of Italy

Ljubljana – NLB, the largest bank in Slovenia, will phase in fees for combined deposits by physical persons of over EUR 250,000 as of April. The monthly fee will amount to 0.04% and will be first charged in May, the bank said in a press release on Tuesday.

The bank's profit for the eleven months of 2020 amounted to BGN 866 million, reports the Bulgarian National Bank.

Turkey's banking sector posted a net profit of 57.3 billion Turkish liras ($7.37 billion) in the first 11 months of 2020, the
country's banking watchdog said on Dec. 29. 

The sector's net profit was up 23%, compared with 46.55 billion Turkish liras ($8.1 billion) in the same period last year, according to a Banking Regulation and Supervision Agency (BDDK) report.

Interest rates will remain extremely low for an extended period of time due to the Covid-19 crisis, leading bankers predicted at the Banks and Business conference.

A new partial moratorium on obligations is not expected, as it would not have such great effect, added Deputy Governor of the Bulgarian National Bank (BNB) Kalin Hristov.

Local and many other European credit institutions have submitted a request to the European Banking Authority for the inclusion of new loans in a repayment moratorium. The deadline for a bank to apply a payment freeze due to Covid-19 expired on September 30, but the intensity of the crisis and the successive lockdowns are forcing the supervising authorities to review their position.

Greek payments company Viva Wallet is seeking to raise half a billion euros to support its digital banking operations, two sources told Reuters, eight months after securing a banking licence through a merger with Praxia Bank.

The three largest Turkish state-owned banks have unveiled new advantageous loan packages in four categories in a bid to help stimulating the economy as the country relieves the effects of the coronavirus pandemic.

National Bank (NBG) and Alpha, two of Greece's largest lenders, increased provisions to cover anticipated loan impairments from the coronavirus crisis as they kicked off the first quarter earnings season for the sector on Thursday.

Prime Minister Ludovic Orban said on Friday, at a meeting with leaders of the Romanian Association of Banks (ARB), that the success of the economic rebuilding plan lies in the partnership with the financial and banking systems.

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]