Asset and liability management

Greek banks made new purchases of bonds and investment assets amounting to 9.3 billion euros in 2023, financed by the excess liquidity secured through the increase in deposits, as in the absence of sufficient demand for new loans the credit sector is looking for investment opportunities with high yields.

Moody's Investors Service has changed its outlook to stable for Turkish banks, saying that for the Turkish banking system is stable as operating conditions improve following the elections.

The government's initial steps to return to orthodoxy in policymaking following the elections in May is supportive of operating conditions for Turkish banks, the rating agency said in a new report.

The European Central Bank (ECB) has announced it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis.

The Central Bank data on the foreign exchange assets and liabilities of non-financial companies showed that those firms' assets increased by $349 million, while their liabilities decreased by $5.9 billion in April from March.

Accordingly, the net foreign exchange deficit was $105 billion indicating a decrease of $6.3 billion from March.

Turkey's external assets stood at $301.4 billion at the end of September, marking an increase of 17.9% from the end of 2020, according to data released by the Turkish Central Bank said on Nov. 18.

Liabilities against non-residents dropped 9.1% to $587 billion.

The Turkish Central Bank raised reserve requirement ratios for foreign currency and precious metal deposit accounts on Nov. 8.

Announcing the move in the Official Gazette, the bank increased the ratio by 200 basis points for all such accounts.

Turkey's net international investment position (NIIP) continued recovering this July, with the overall figure being 26.2 percent lower than at the end of last year, the Turkish Central Bank said on Sept. 20.

The country's external assets grew 10.3 percent to $282 billion, while its liabilities against non-residents fell 11.8 percent to $572 billion, the latest data showed.

Conversely, time is running out for the formal completion of the agreement concerning the humongous 2 billion euro acquisition of the Chipita company by the multinational Mondelez, after the valuation report of PwC and the relevant decisions of the company's board at the end of June 2021.

Turkey's external assets amounted to $249.9 billion at April-end, down 4.4 percent from 2020, the Turkish Central Bank announced on June 21.

The country's liabilities against non-residents during the same period fell 9.1 percent to $593.5 billion.

Turkey's external assets reached $250.2 billion in the first three months of 2021, an increase of 3.5 percent from the end of last year, Turkish Central Bank data showed on May 20.

The country's liabilities against non-residents fell 8.6 percent to $589.5 billion during the January-March period.