Tag: banks
Commerzbank, new provisions but expects a positive net result for 2021
Commerzbanka major German bank, said the Polish subsidiary mBank made provisions for the fourth quarter of 2021 on foreign currency indexed loan agreements for an amount of PLN 2,006 million…
Central banks ease policy to support Chinese and Turkish economy
China’s central bank is lowering one of its benchmark rates to support the country’s economy amid a faltering recovery. At the same time, the Central Bank of Turkey seems to…
the president’s grip on the central bank’s key rates
Recep Tayyip Erdogan persists and signs. On Monday, November 29, he again said he was opposed to any “compromise” concerning the level of key rates of the Central Bank of…