Profits of credit unions have decreased, loan quality deteriorated

Profits of credit unions have decreased, loan quality deteriorated
August 26, 2015 In the second  quarter of 2015, more than a third of credit unions operated at a  loss, thus the profit of the credit unions sector for the half-year dropped to EUR 0.1 million (down from EUR 2.1 million in profit in the same period in 2014)...

Banks’ positions in the payments market being taken over by competing payment institutions

Banks’ positions in the payments market being taken over by competing payment institutions
August 25, 2015 In the second quarter of this year, payment institutions strengthened their positions both in the cash payments market and electronic payments market by taking over an increasingly larger share of them from commercial banks.

Insurance market reaches record volumes, although the rates of growth of insurance branches vary

Insurance market reaches record volumes, although the rates of growth of insurance branches vary
August 19, 2015 The insurance market recorded a year-on-year 6.4 per cent increase over the first half of this year in terms of premiums written, with its volumes reaching record heights — EUR 312.3 million.
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INTEREST RATES | effective from 10/09/2014
Marginal lending facility0.30
Main refinancing operations0.05
Deposit facility-0.20
  
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