Subprime mortgage crisis
Decisions for Piraeus Bank stake
Financial consultants UBS, Goldman Sachs and Bank of America are conducting critical consultations on the intentions of potential investors in relation to the price they are willing to pay for 27% of Piraeus Bank on behalf of bank bailout fund HFSF.
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Central Bank net reserves may turn positive: Goldman Sachs
The Turkish Central Bank's net reserves are likely to turn positive in 2024, according to analysts at Goldman Sachs.
In a note on the Central Bank's latest rate decision, Goldman Sachs said that it expects rising foreign inflows and a narrower current account deficit to pull the rate of Turkish Lira appreciation further inside the forwards in 2024.
Setting caps on mortgages
The Bank of Greece, in cooperation with lenders, is establishing limits on mortgage amounts in relation to the commercial value of the property and the monthly installment to be paid by the new borrowers.
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Fund inflows to Türkiye will gather pace, says Şimşek
Investor confidence will be further strengthened and foreign fund inflows into Türkiye will accelerate, Finance Minister Mehmet Şimşek has said.
Central Bank to hold investor meetings
Türkiye's Central Bank has announced that it will organize "Investor Days" starting from January next year.
The first Investor Day will be held on Jan. 11, 2024, in New York, according to the bank's statement issued on Nov. 13.
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Citigroup discriminated against Armenian Americans, regulator says
Citigroup employees labeled a group of roughly 80,000 Armenian Americans living near Los Angeles - the largest Armenian community outside Yerevan, the Armenian capital - as "bad guys" and secretly denied them fair access to the bank's credit card products, the Consumer Financial Protection Bureau said in a statement on Wednesday.
Goldman Sachs anticipates more takings for Greek banks
Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will have progressed in the specific period.
Businesses eager to pay back loans
Since the beginning of 2021, Greece's four biggest banks - Alpha, Eurobank, National and Piraeus - have lent businesses some €70 billion, and businesses, in turn, have paid back €55 billion from these or earlier loan.
The net credit expansion of €15 billion is considered low and there are worries that it may drop further in coming years.
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Bulgarian National Bank: Interest Rates on Housing Loans remain at around 2.5%
Interest rates on home loans remain at around 2.5%. This is shown by the latest BNB data. However, the cost of loans for current consumption is increasing by 1% for July compared to June.
Bulgaria is again lagging behind the European trend for the growth of interest rates, but by the end of the year an increase of up to two percent is possible.
Greece significantly less wealthy than Med neighbors
Greece trails other Mediterranean EU countries in per capita wealth, according to the 14th edition of the Global Worth Report issued by Swiss Bank UBS, joined this year by Credit Suisse, which it acquired a few months ago.