Market liquidity

Central Bank watchers predict that the European Central Bank (ECB) will focus on monitoring the impact of last month’s unprecedented package of measures during this week’s monthly meeting The European Central Bank (ECB) is unlikely to make new policy moves at its monthly meeting this week, focusing instead on monitoring the impact of last month’s unprecedented package of measures.<

Authorities have a concrete direction in their investigation into the identity of the people targeting certain Bulgarian banks, officials announced.

By Yiannis Papadoyiannis

Greek lenders drew liquidity of about 50.7 billion euros from the European Central Bank in May, compared with 135 billion euros in June 2012. This cash flow is meant to cover the gap between deposits (at 161 billion euros in April) and loans (215 billion euros) created by the massive depletion of bank accounts due to the economic crisis.

There is no risk of the domino effect in the banking system because of the Corporate Commercial Bank (KTB), said the chairman of the Bulgarian Bank Association Levon Hampartzumian. 

Hampartzumian, who is also the CEO of UniCredit Bulbank told journalists, quoted by the BTA wire service, that there were no other Bulgarian banks at risk of similar problems. 

BELGRADE - The insufficiently developed infrastructure and inadequate laws, as well as lack of liquidity and non-transparent market, prevent a more significant inflow of foreign investment to Serbia, said the participants of the international conference on South East European property market “SEE Property Business Forum”.

The repatriation of capital that has been moved from local banks to other lenders abroad since the start of the Greek crisis is an ambitious goal that would have multiple benefits for the country.

First and foremost, it would provide much-needed relief for the banking system, which in turn would allow banks to reopen the liquidity tap and inject lifesaving cash into the market.

European Central Bank funding to Greek banks rose in April by 1.03 billion euros while emergency liquidity assistance (ELA) from the country’s central bank increased by 243 million euros, Bank of Greece data showed on Wednesday.

BELGRADE - Veroljub Dugalic, secretary general at the Association of Serbian Banks (UBS), said on Thursday that banks made a loss of EUR 18 million in 2013.