European Banking Authority

European authorities continue to place great emphasis on combating financial fraud, as highlighted in a joint report by the European Central Bank and the European Banking Authority on this issue. Although victims of financial fraud, particularly in online transactions, are increasing, the absolute numbers remain extremely small relative to the total number of transactions.

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system.

In contrast, Cypriot banks are in second place among European banks in terms of return on equity.

Greek banks comfortably passed the capital adequacy stress tests conducted by the European Banking Authority (EBA), the latter announced on Friday.

Notably, in the adverse scenario for 2025, National Bank shows a CET1 of 14.5%, Eurobank 12.2%, Piraeus Bank 9.1% and Alpha Bank 8.9%.

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.

Ljubljana – NLB, Slovenia’s largest banking group, reported a net profit of EUR 64.6 million for the first quarter of the year, about 3.5-fold the figure posted in the same period a year ago (EUR 18.3 million).

The National Bank of Romania (BNR) notes that the public interest in virtual currencies (also called crypto-assets) is on a steady upward trend and cautions that, in its opinion, these remain highly volatile and extremely risky speculative assets that are highly likely to cause financial loss to the investors, BNR said in a statement on Thursday.

Ljubljana – The government is proposing the sixth coronavirus relief package be amended to extend the moratorium on bank loan repayments for some types of borrowers until the end of the year. The amendments are to be rushed through parliament.

Greek banks deferred repayments on 30 billion euros ($36.85 billion) worth of loans last year to help borrowers cope with the financial fallout of the Covid-19 pandemic, the country's banking association said on Tuesday.

Lenders granted payment deferrals to about 400,000 individuals and businesses between January and November, the association said.

We have made a lot of effort and to our delight the colleagues from the European Banking Authority, allowed the Bulgarian business to use this moratorium and postpone the payment of interest or principal on loans in the coming months of the pandemic. This was stated by Prime Minister Boyko Borissov during a working meeting at the Council of Ministers with members of the government.

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.