Interest
Greek interest rate spread remains unchanged
The interest rate spread between new deposits and loans remained almost unchanged at 5.71% in October as the weighted average interest rate on new deposits increased to 0.46%, while the corresponding rate on new loans remained almost unchanged at 6.17%, the Bank of Greece said on Monday.
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Rates boost local holiday pads
The sharp and large increase in the European Central Bank interest rates is developing into a strategic advantage for the Greek holiday home market: It has made potential buyers focus on markets such as Greece, where it is still possible to acquire a holiday home without needing a bank loan.
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National Bank sees earnings climb in Jan-Sept
National Bank, Greece's second-largest lender by market value, on Tuesday reported higher net earnings in the first nine months of 2023 compared with the same period a year ago as net interest income rose.
NBG, 40% owned by the country's HFSF bank rescue fund, said net earnings reached 791 million euros from €680 million in the first nine months of 2022.
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Wildfire victims get extension on social security payments
Social security agency EFKA is allowing non-salaried professionals and businesses affected by wildfires not to pay their social security contributions for six months and no compound interest will be charged once they resume payments.
Interest rate spread at Greek banks widened in April
The interest rate spread between new deposits and loans increased to 5.60 percentage points in April, as the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding rate on new loans increased to 5.85%, the Bank of Greece said on Tuesday.
Spread between new deposits and loans increased in March
The interest rate spread in Greece between new deposits and loans increased to 5.50 percentage points in March as the weighted average interest rate on new deposits remained almost unchanged at 0.23%, while the corresponding rate on new loans increased to 5.73%, the Bank of Greece said on Friday.
Bulgaria’s National Bank increased the Main Interest Rate for February
BNB increased the main interest rate in February to 1.82. In January it was 1.42%.
The central bank started increasing the main interest rate since October last year, when it went from 0 percent to 0.49 percent.
100 billion liras loan package for tradesmen takes effect
The government's Treasury-supported loan package scheme for tradesmen and craftsmen has taken effect following a presidential decree, Treasury and Finance Minister Nureddin Nebati has announced.
Demand for Student Loans in Bulgaria Lowers over High Interest Rates
In 11 years, less than half of the amount of the guaranteed student loans have been reimbursed to the state. Students refrain from borrowing money because of the high interest rates, although a total of EUR 20 million was earmarked for student loans in 2021. In 11 years, only 1,274 students have applied for a student loan.
Turkey to promote interest-free finance
Turkey will promote interest-free finance systems and loan methods for diversifying interest-free products and services in the coming period.
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