Financial services

Central Bank reserves top $120 bln, 1st time since November 2016

The Turkish Central Bank's total reserves rose by $944 million to hit $120.1 billion last week, for the first time since November 2016.

According to weekly money and bank statistics published by the bank, the gross foreign exchange reserves increased by $1.6 billion to $79.6 billion on Sept. 10, from $78.5 billion on Sept. 3.

Ministry of Energy sends EIB first applications for financing strategic projects in energy sector

The Ministry of Energy sent on Tuesday to the European Investment Bank (EIB) the first applications for financing from the budget of the Modernization Fund nine strategic projects in the energy sector, with an investment cost of over 693 million euros, according to a ministry press release.

Pope Francis meets Viktor Orban in worldview clash

Pope Francis arrived in Budapest on Sept. 12 to celebrate a mass, with eyes focused on his meeting with the anti-migration Hungarian Prime Minister Viktor Orban.

The head of 1.3 billion Catholics will have a half-hour meeting with Orban - accompanied by Hungarian President Janos Ader - in Budapest's grand Fine Arts Museum, in what could be an awkward brief encounter.

Raiffeisen Bank, 100K RON fine for illegal interest rate manipulation

The National Authority for Consumer Protection (ANPC) has issued a fine to Raiffeisen Bank worth 100,000 RON (rd 20,280 euro) for incorrect commercial practices and decided to suspend the bank's activity regarding this behaviour, the first time such a measure was applied n Romania, as well as ordered it to return the illegally cashed commissions from customers, the ANPC informs.

European bank provides $50 mln in trade finance to Turkish lender

The European Bank for Reconstruction and Development (EBRD) provided $50 million in trade finance to the Türk Ekonomi Bankası (TEB).


The facility, aiming to boost support for exporters and importers, will be channeled under the EBRD's Trade Facilitation Programme (TFP), according to a statement by the bank.

NLB bank has serious plans for Serbian market, says Serbian minister

Belgrade – The NLB group has serious plans for the Serbian market, said Serbia’s Finance Minister Siniša Mali after Friday’s meeting with NLB CEO Blaž Brodnjak, the Serbian Press Agency Tanjug reported.

Minister Mali noted in his post on Instagram that the Slovenia-based banking group successfully completed acquisition of Serbian Komercijalna Banka last year.

MIPE: Agreement between the Government of Romania, European Investment Bank to support implementation of 2021-2027 projects

Bucharest, Aug 25 /Agerpres/ - The Memorandum of Understanding proposed by the Ministry of Investment and European Projects (MIPE) for the collaboration between the Government of Romania and the European Investment Bank (EIB) to support European-funded projects 2021-2027 was approved on Wednesday, in the Government's meeting, according to a release sent to AGERPRES.