Systemic risk

The European Banking Authority is scheduled to release the macroeconomic scenarios for European banks' stress tests on Wednesday, although certain sources say this may be postponed until the end of the week.

Ratings agency Fitch said in a report issued on Tuesday that Greek banks still face multiple challenges.

The report warned that local lenders are likely to maintain material reliance on the European Central Bank's emergency liquidity assistance (ELA) mechanism for most of this year.

National Bank of Greece has brought its dependence on the central bank's emergency liquidity assistance (ELA) mechanism down to zero.

This satisfies the pledge NBG's management had made for disengagement from the expensive system of cash supply by the end of 2017.

Turkey’s economy is expected to grow by 4.8 percent annually on average in the next five years, state-run Anadolu Agency reported on Jan. 5, citing global ratings agency Fitch Ratings.

The parameters of the adverse scenario stress tests scheduled in February on Greece's banks, with an emphasis on property values, will be at the focus of talks between the Hellenic Bank Association, led by Nikos Karamouzis, and the head of the European Central Bank's Single Supervisory Mechanism (SSM), Daniele Nouy, on January 15.

Early next month the European Central Bank will provide Greek banks with the technical parameters of the baseline and adverse scenarios of the stress tests due to take place in the first few months of 2018.

On the day of the banker - Nikulden - Sofia received an investment rating from the S & P Global Ratings international rating agency.

The agency raised BB+ to BBB-s the long-term credit rating with a stable outlook.

So the rating of the capital falls into the "investment ratings" group.

The international rating agency Standard & Poor's (S & P Global Ratings) increased Sofia's long-term credit rating from BB + to BBB- with a stable outlook. So the capital is already in the "investment ratings" group, announced Sofia Municipality.

The international rating agency S & P Global Ratings increased Bulgaria's long-term and short-term credit rating in foreign and local currencies to 'BBB- / A-3' from 'BB + / B'. An increased assessment of analysts reflects the strengthening of the country's external position as a result of the prolonged expansion of exports and the increase in savings.

President Donald Trump’s pick to lead the U.S. central bank on Nov. 27 defended regulations that have made the financial system more crisis-proof, and said interest rates are likely to rise a bit more.