Bank

By Evgenia Tzortzi

The 1-billion-euro rise in bank deposits in August constitutes a clear indication of the improvement in the economy bolstered by the growth of tourism, according to figures issued by the Bank of Greece on Thursday.

The European Banking Authority (EBA) has launched an investigation of possible breach of EU law in Bulgaria, in connection to the situation with the troubled Corporate Commercial Bank (KTB), said the authority in a press statement.

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By Yiannis Papadoyiannis

An amendment tabled on Wednesday in the Greek Parliament will likely offer local banks a safety cushion of 3 billion euros, thanks to the authorities’ acknowledgement of deferred tax assets in a clause that also concerns leasing and factoring companies.

Bulgaria's Corporate Commercial Bank (KTB) has made it to the Top 10 in terms of Tier 1 capital increase in this year's EU banks ranking of The Banker magazine. 

By Yiannis Papadoyiannis

Greek banks are set to see their capital bases receive a considerable 3-billion-euro boost with the European Bank Authority’s recognition of their deferred tax assets by the end of the month.

Police have busted a phony VIP taxi service in Greece that was using the bank accounts of homeless people to collect deposits from cab drivers.

Police spokesman Christos Parthenis said Monday that seven people have been arrested.

We do not call them Islamic banks in Turkey. Banks are banks, administrative apparatuses. In the past, they were termed “Special Finance Institutions” and only after the 2005 amendments to the Banking Law are they now called “Participation Banks.”

The Metropolitanate of Moldova and Bucovina, in eastern Romania, has founded an institution from which priests and believers can take out loans at an interest rate of 6 per cent, well below to the current rates in the banking sector.

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I don’t consider myself authorized to write about the Bank Asya issue from the banking perspective, but indeed I have things to write about how the rule of law operates in such a case.

Switzerland’s rooted banks are facing challenges to reshape their business as they are forced to lift veil on their accounts, ending years-long lure of the country that turned into a tax haven