Loan

The Council of Ministers has proposed that Parliament ratify a guarantee for the EUR 100 M withdrawn by the Bulgarian Development Bank (BDB) from Germany's KfW, reported the government's press centre.

The chairman of Marfin Investment Group (MIG) Andreas Vgenopoulos and 14 Marfin Bank executives were facing felony charges in connection to a loan allegedly granted to investment firm IRF, it emerged on Thursday. The firm is owned by shipowner Angeliki Frangou.

Bulgarian businessman Tsvetan Vasilev drained BGN 2.5 B out of his own bank through special purpose vehicles, consultancy firm AlixPartners says in a report made public on Tuesday.

The report had been ordered by officials to track down the assets of Bulgaria's fourth-largest lender after its insolvency was declared in 2014.

The Greek government presented to the representatives of the institutions its plan to impose a new tax for bank transactions of 1 per mille in order to avoid new stricter measures and cover the fiscal gap and the gap in social security.

The percentage of uncollectible loans in Serbia is so high that it has literally blocked all credit activity, NBS Governor Jorgovanka Tabakovic said Wednesday.

"Is a matter of utmost importance for Greece to recover national sovereign, which was given to lenders, with the signing of the loan agreements," said the Greek Minister of Finance Yanis Varoufakis in an interview on Australian network ABC.

Mr. Varoufakis continued by stating that "We must build trust with Germany and to avoid generic estimates of the Greeks or the Germans".

A prosecutor in Athens on Friday filed felony charges against the former executives at the now defunct Proton Bank in connection with loans totaling 38 million euros.

The members of the committee responsible for approving loans are accused of breach of trust concerning credit extended to two businessmen who joined the panel from Omega Bank once it was absorbed by Proton.

 Finance minister says there is little risk of a bank run, but political uncertainty may harm recovery

Senior European Central Bank officials said on Friday that the lender will not be buying any Greek bonds this month as part of its expected bond acquisition program and will definitely not have Greece?s debt to Frankfurt restructured, as poll-leading party SYRIZA has championed.

BELGRADE - The Belgrade Higher Court remanded owner of Interkomerc Goran Percevic in 30 day detention on suspicion that he was involved in fraud in Univerzal banka worth several million dinars.

Percevic was remanded in detention because of the danger that he may exert pressure on witnesses in the course of the investigation, states the release issued by the Higher Court of Belgrade.

A prosecutor in charge of investigating corruption claims in Thessaloniki, Argyris Dimopoulos, has ordered a preliminary probe a large loan issued by Proton Bank before the lender was split into parts and liquidated, the Athens-Macedonia News Agency reported on Tuesday.