Subprime crisis impact timeline

Banks are recording a rebound in demand for mortgage and consumer loans, and for credit to very small enterprises, projecting the average rate of new credit at 40 percent for the 2019-2020 period.

Nearly half of nonperforming mortgage loans in Greece qualify for the long-term settlement status that allows for a part of the debt to be written off, according to bank estimates.

Nearly half of nonperforming mortgage loans in Greece qualify for the long-term settlement status that allows for a part of the debt to be written off, according to bank estimates.

Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of U.S. toxic debt, further hampering two of Europe's leading investment banks as they struggle with weak earnings.

Emergency central bank funding to Greek lenders fell by 2.7 percent, or 1.3 billion euros in October from the previous month, Bank of Greece data showed on Thursday.

Banks have relied on emergency liquidity assistance (ELA) drawn from the central bank since February last year after being cut off from the ECB's funding window.

Emergency central bank funding to Greek lenders fell by 2.6 percent, or 1.3 billion euros in September compared to the previous month, Bank of Greece data showed on Thursday.

[Reuters]

Shares of Deutsche Bank fell 8% at the start of the European trading session on Friday, amid capital concerns following a proposed settlement by the U.S. Department of Justice and a report that some hedge funds were reducing their exposure to the embattled bank.

International lenders began talks in Cyprus on Monday to try to pave the way for a resumption of bailout payments after the island passed a law on foreclosure of bad loans.

Cyprus?s Central Bank said that technical banking teams from the European Union, the International Monetary Fund and the European Central Bank would be on the island until Thursday, and again from May 6.

Ratings agency Moody?s gave a negative outlook on Turkey?s banking sector for the second straight year on late March 25, citing subdued economic growth and currency volatility.

By Ilias Bellos

Major foreign investors in Greece have incurred losses of more than 4.5 billion euros in total from the drop of asset values in their Greek portfolios. This concerns significant institutional investors who believed in the Greek effort and supported it, but are now seeing their investments vanish.