of 2.8 billion euros, has a network of 147 branches in Romania, which is one of Eurobank’s biggest markets outside Greece. “Our target is for the whole process to conclude in a year from now,” the source said, without providing further details of what sort of deal was being considered. Eurobank, Greece’s third largest lender by assets, is also present in Bulgaria, Serbia and Cyprus.
Turkey’s lira weakened yesterday as comments from a deputy premier reaffirming the central bank’s independence failed to bolster confidence,ahead of today’s policy meeting seen as a big credibility test in the face of a tumbling currency. The lira has fallen some 8 percent so far this year, on top of double-digit declines in both 2015 and 2016. Investors have been shaken by the fallout from last year’s failed military coup and worries the central bank is less than independent. “The central bank is an independent institution. There are many instruments the central bank can use,” Deputy Prime Minister Numan Kurtulmus told a news conference in Ankara. “We, as the government, can voice our views within the framework of our own main policy and wait for the central bank’s decision. We are also awaiting the decision it will make” today.