banking

Italian banking shares tumble ahead of Sunday's referendum vote

Share prices for Italian banks fell sharply on the Milan stock exchange Monday, amid fears that a 'no' vote in a Sunday constitutional referendum could trigger a political and economic crisis.

Banking association calls for forming task force to deal with debts in arrears

The Croatian Banking Association (HUB) proposes the establishment of a task force in charge of elaborating a comprehensive solution to resolve the issues of Croatian citizens with blocked accounts...

Croatian Postal Bank posts record net profit of HRK 147.5 mln

The Croatian Postal Bank (HPB)'s net profit in the first nine months of 2016 was 38.1% higher compared to the same period last year and amounted to HRK 147.5 million which is the best result since...

HUB: Croatians' financial assets rapidly growing

Croatians are frugal and their financial assets are growing rapidly even though interest rates are at a historic low, shows an analysis by the Croatian Banking Association (HUB), released on the...

EC approves Croatia's bank resolution scheme

The European Commission on Wednesday approved Croatia's bank resolution scheme, to be used for small banks with total assets below 1.5 billion euros if found to be in distress by the competent...

Taiwan premier orders inquiry into Mega Bank after hefty US fine

Taiwan's premier has ordered an investigation into Mega International Commercial Bank, one of the island's biggest banks, after US regulators fined its New York branch 180 million dollars for...

UniCredit shares continue fall despite higher profit, less bad loans

Italy's largest bank by assets, UniCredit, reported Wednesday higher profit and a reduction in exposure to bad loans, but still suffered stock market falls amid lingering concerns about its...

Bank of England holds interest rate at 0.5 per cent

The Bank of England is holding its base interest rate at 0.5 per cent amid broad expectation of a cut to 0.25 per cent.

Italy's intractable banking crisis spells trouble for Renzi and EU

Monte dei Paschi di Siena, the world's oldest bank, is the epicentre of growing scrutiny on Italian lenders in the wake of the Brexit referendum. The growing anxiety over Italy's banking sector...

Italy's banking crisis deepens as MPS shares collapse on ECB demands

Monte dei Paschi di Siena (MPS) shares fell to a record low Monday on reports that the European Central Bank (ECB) wants the troubled Italian lender to reduce its exposure to bad loans, piling the...

Italy's bank crisis plans under scrutiny as ECB ups pressure on MPS

Shares in Monte dei Paschi di Siena (MPS) fell sharply on Monday on reports that the European Central Bank (ECB) wants the troubled Italian lender to reduce its exposure to bad loans, piling the...

New UniCredit CEO sees need for stronger capital base

Frenchman Jean-Pierre Mustier, appointed Thursday as the new chief executive officer at Unicredit, said he would work to strengthen the troubled Italian bank's capital base and improve its bottom...

If Britain leaves the EU will Frankfurt gain? The jury is divided

If British voters on June 23 say "No" to membership in the European Union, this could give a boost - at least temporarily - to financial centres around the EU that must now compete with London....

EBRD gives EUR 35M loan to RBA Leasing for credit line to SMEs

The EBRD is, thus, providing a EUR35 million loan to Raiffeisen Leasing d.o.o. to expand lease financing to Croatian small and medium-sized enterprises.

HNB: Non-performing loans ratio falls to 16.12% in March

Thus, the NPL rate was reduced by 1.02 percentage points compared to the end of March 2015, and by 0.53 percentage points compared to the end of 2015.