Just 260,000 freelancers and self-employed people have so far registered in the system of accepting payments through their account.
Just 260,000 freelancers and self-employed people have so far registered in the system of accepting payments through their account.
Turkey’s central bank on Saturday raised the maximum interest rate on credit card cash withdrawals to 5% from 4.42%, according to a decision published in the Official Gazette, in a move aimed at additional tightening.
Millions of bank accounts of taxpayers and companies will soon be targeted by the tax authorities, with the use of the new system which will scan all their movements.
The European Central Bank must lower borrowing costs twice before its August summer break and two more times before the end of the year, without being swayed by the US Federal Reserve, Bank of Greece chief Yannis Stournaras has said.
The government is considering an Italian model for small-value transactions, seeking an agreement with those involved in the system of issuing and accepting cards to reduce fees.
The interest rate hikes by the European Central Bank and the increase in net interest income lead to an excessive accumulation of profits in Greek and European banks and fuel the inflation of banking greed (“bankflation”), warns the Center for Planning and Economic Research (KEPE).
National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.
Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.
The net accounting result of the state’s investment in saving commercial lenders.
The year of 2023 was a landmark for Attica Bank, marking the lender’s consolidation, recovery and return to operating profitability after a long glut, according to a statement issued by the bank on Thursday.
Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.
The public offer for 27% of the bank attracted bids of €10.7 billion.
A preliminary agreement for the acquisition of a package of shares in Aegean Baltic Bank (ABBank) has been signed.
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures.
Greece’s bank bailout fund (HFSF) on Wednesday set the price for the sale of its 27% holding in Piraeus Bank at 4 euros per share, valuing the stake at €1.35 billion.