Increment in interest rates, joined with enhancing nearby monetary development, is relied upon to help the profitability of neighborhood banks through enhanced advance yields, investors and experts have said. A week ago, the Central Bank of the UAE raised interest rates on its authentications of store following the US Federal Reserve’s 25-premise direct increment toward…

Economists are not known for their communication skills, to put it mildly. The typical economics paper is written in a formal, stilted style, laden with phrases like “in the following subsection” and jargon and highly formalized mathematical definitions. For a non-economist to hack through the verbal jungle of the typical paper is often an impossible…

According to reports, the Cooperative for Ethical Finance has filled all the necessary documents to the Croatian National Bank in order to start the procedures for the foundation of the first ethical bank in Croatia. The nature of the Ethical Banking will be rather different from the commercial banks. Its clients will have a continuous…

The hacktivist group Anonymous continue their operation #OpIcarus against banks in all the world! The first victim of the hackers was the Central Bank of Greece. Anonymous launched a DDoS attack against the website of the bank on 3 of May and managed to take it down but only for some minutes. According to officials…

As it seems, the Greek crisis hasn’t affected the Universal Capital Bank (UCB), beside the fact that the majority of the businessmen who command it are coming from Greece, according to the Central Bank of Montenegro (CBCG). CBCG stated that they control the whole Banking system in Montenegro and by extension the Universal Capital Bank….

Australian bank ANZ, is forced to pay out a compensation of $13m Australian dollars to almost 200,000 of it’s customers. This was a result of a bank’s mistake, as it didn’t apply the right interest payments to several accounts for a long time. It was a mistake which came to the surface about 2 years…

A new report from the European Bank for Reconstruction and Development (EBRD) has shown that Montenegrin economy is growing rapidly and it is expected to reach 4% GDP growth during 2016 – the highest in Southeast Europe – which would be associated with major highway project funded by the Chinese. The EBRD announced that the…

Earlier these days there was a session chaired by Governor Miljoica Dukic, in which the Council of the Central Bank of Montenegro announced that the GDP growth of the 2015 will be up to 4%. More specifically, Montenegrin economy is on the rise but will face several risks in the future. The processes and implementation of the policy…

Total inflow of foreign direct investment (FDI) in the first seven months of this year amounted to €268.9 million, whereas at the same time the country’s outflow amounted to €48.1 million, the preliminary data of the Central Bank of Montenegro (CBCG) showed. Investments increased by 2% compared to the same period last year, whereas the…

© 2018 PETROS STATHIS | ALL RIGHTS RESERVED.

Petros Stathis

STAY CONNECTED WITH US: