Bank

Bulgaria's banking system is on track to surpass three billion leva in profits again this year, following the record-breaking 3.4 billion leva reported in 2023. According to the Bulgarian National Bank (BNB), commercial banks in the country had already posted a total profit of 3.0 billion leva by the end of October.

Turk Eximbank is making significant strides in interest-free banking to better support exporters, with General Manager Ali Güney announcing plans to diversify the bank's financing and insurance products in line with interest-free banking principles.

"Our goal is to increase the share of interest-free banking products in Eximbank's support to 10% in the first phase," Güney stated.

Turkish authorities were checking currency exchanges and cash dispenser machines on Thursday to help avert any damage from the circulation of counterfeit US dollars, which has prompted a number of banks to stop accepting some of the bills.

The 540-page dossier on the case of the ghost car ring excerpts of which are still being published today by protothema.gr, brings to light the well-organized and hierarchical structure of the criminal group, which relied on the specialized knowledge of electronic banking, but also on the communication skills of its members, who spoke fluent Greek.

Change is coming on December 1 with the abolition of the Stamp Duty on more than 600 transactions, nearly two centuries after its imposition, and its replacement by the Digital Transaction Fee.

Returning to positive territory for the Greek stock market, after yesterday’s “brake” on the 5-day rise that preceded it. Traders are “weighing” the Q3 and 9-month financial performance of systemic banks, as well as subsequent management statements on upgraded annual guidance, increased dividends and faster deferred tax (DTC) amortization.

The Greek banking sector is better placed than in the past to withstand potential shocks and perform its intermediation function, despite a slight deterioration in the asset quality of credit institutions, according to the Financial Stability Review released by the Bank of Greece on Tuesday.

Public Power Corporation announced on Monday that it intends to issue and offer an aggregate principal amount of 500 million euros in unsecured senior notes due 2031, subject to market conditions and demand.

With the price of gold surpassing all previous records, the “traditional” investment in gold sovereigns, which many Greeks favor, has become increasingly profitable, as evidenced by the surge in transactions involving them.

From the start of the year until the end of September, a total of 35,972 gold sovereigns were liquidated at the Bank of Greece, while 4,662 pieces were purchased.

National Economy and Finance Minister Kostis Hatzidakis has called on banks to slash their charges once again.

From the stage of the Athens Innovation Forum 2024 on Thursday, he asked them to further expand electronic transactions, realizing, as he said, that "they operate in the context of a society with specific capabilities and that excesses harm them too."