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The financing needs of Greece are covered until mid-March and Athens has met so far with its austerity plan, said on Sunday Greek Prime Minister George Papandreou.

The concerns of investors about the debt mountain in Greece have beaten the euro in recent weeks.

Right now we do not need to borrow, our financial needs are covered until mid-March,” Papandreou said in an interview with BBC television, when asked if there was a Greek bond issue next week.

Papandreou said that despite the demonstrations against austerity measures his government was facing a debt crisis and said he believed there was strong support in the Greek society to the painful economic reforms.

“While there are painful austerity measures and we have the support of most of these austerity measures, which is 50 or 60 percent of the population, and the government also has that support,” said Papandreou.

“What we see here, and I have not seen since the 2004 Olympics, is a real sense of unity of the Greek people want a change,” said Papandreou, who accused the previous administration of the debt crisis. Read the rest of this entry »

Since its launch in October 2007, BBVA had given up more than 4,100 31.12.07 loans amounting Unit more than 12 million euros. This initiative is included in the Family Plan within the social agenda and is addressed to the elderly and dependent people.

This project involves opening a credit line of EUR 30 million, intended to help meet the costs arising from the needs of the age or disability of these people.

BBVA Unit Loan interest rate is 0% and no commission, with a maximum of 3,000 euros, with a maximum repayment term of three years.

These figures are added to those accumulated since the launch of Plan Familias in 2004, joining the 43,750 loans worth 129.1 million euros, implemented in various forms: Birth Loan, Loan and Loan Overcoming Young. All under the same conditions: 0% interest rate and no fees.

BBVA Families Plan is a project that is part of the Corporate Responsibility Group, which aims to promote social initiatives aimed at families.

In general, all financial products you need to trade are similar, however the trade activity, location and billing volumes determine the needs and can allow you to take advantage of opportunities to negotiate better terms with your financial institution.

Specific products for businesses, allowing you to make your business more efficiently, are:

The program management for their activity. As mentioned in the article on electronic banking facility offered by banks for Internet banking should not be missed. Accounts for specific businesses. They are accounts that can incorporate flat fees for using a single monthly fee, trade can benefit from operational charges your account without notes, maintenance, checking and issuing income transfers. Accounts are usually paid if they remain outstanding amounts above certain amounts.

Point of Sale ( POS ). The Point of Sale (POS) is one of the main demands of commerce and is therefore a key product for this segment. The primary use is to support the payment card. The characteristics of this device can offer fixed or wireless POS (connected by ADSL) and mobile or GPRS (with pure connection via mobile phone). A hint of this product is the virtual POS (required for those businesses with internet presence). The POS is usually free of charge by the financial institution provided that minimum billing terms.

Cards allowed. Trade can negotiate with the client what kind of capture card by the customer. These conditions are set with the Bank. Some cards, such as trade associations, offer discounts and customer payment formulas that can allow better access in the final product. Multicurrency service for customers with cards issued in currencies other than the euro may make payment in the currency of their choice.

Access to bonuses if hiring additional products or applications are made ​​to ensure the current account balances
Alerts on your mobile. The ads in the mobile commerce manager disregards the holidays because it will allow to know the rhythms of the billing, tracking your current account balance or the execution of transactions over the phone
Insurance trade. It is multi-risk insurance designed to provide protection to most commercial risks in a personalized and specific conditions for different market segments. The best conditions for funding must be negotiated with the lender that specializes in meeting the needs of businesses and offer support and assistance for the expansion of these important micro and small enterprises.

Do you live abroad? Do you plan to move abroad? We can help you get the most out of your experience.

For over 100 years we have served the wealth management needs of affluent expatriates. In fact, with customers in over 150 countries, expatriates constitute a significant percentage of our clientele.

Ensuring the safety of their property.

When you’re living in a foreign country, it is natural to worry about the safety of their money, investments and other assets, especially if you live in a region with political instability, economic or financial.

As a bank with more than 18 million customers around the world can feel safe to entrust their assets to RBC. RBC has the highest credit ratings can obtain financial institutions, Moody’s Aa1, Standard & Poor’s AA – Fitch Ratings and AA *.

For more information, see About Us .

Simplify your everyday banking
If you’re an expatriate, the need for easy access to your money is a priority. What may be simple in their country of origin may not be as easy in a foreign country.

To meet their needs, we offer a comprehensive banking solution to help solve everyday tasks, such as your salary deposit, withdraw and transfer money in local currency transactions, among others. Read the rest of this entry »

The delinquency rate on 31 May last of the loans by sector savings banks and 6% exceeded by up to twelve entities uns, while six others were between 5% and 6%.

The NPL ratio of half -sector savings banks rose at the end of May to 5.04% with an increase of 0.15 points over the 4.89% April (4.78% in March). In the last 12 months, the default sector banks has increased by 3.41 points (it was 1.63% in late May 2008). At first glance, seems to have slowed, but there are very committed entities.

The seriousness of the situation is reflected in the fact that if Dec. 31 had seven top boxes with a delinquency rate of 4.5% , now totaling 24 entities that exceed this ratio. Only eight banks reduced their rate of delinquency throughout May, and only 10 out of 54 have a ratio less than 3%. The default is dragging some boxes into an almost hopeless.

They are the largest institutions, without exception, the hardest hit by bad debts. These may include La Caixa, Caja Madrid, Caixa Catalunya, Caixa Galicia Unicaja or, to name a few.

As the delay increases, the industry lives pending the final release of the Restructuring Fund and Land Bank (FROB).

With the new Internet conditioned environment, financial institutions are considering that the priority is not to offer new products and services, but have a new business model, where, at this time, the greatest risk is the lack of notoriety is not as important to have a very sophisticated products factory as being relevant on the Web Virtual Financial Services. In the digital economy of e-business, consumers of financial products, to blow mouse, have the option to choose which is the offer that most interests them. The market becomes more transparent, gains in efficiency and consumers are only willing to buy those products and services that offer more value at lower cost.

For example: traditionally, the stock market investment has been made ​​up of two types of entities: the “discount brokers” who act as intermediaries in financial markets at very little cost, but do not give another type of service, and “special advisers” who recommend investment strategies and put a lot of information available to customers, but they are considerably expensive.

With the emergence of the phenomenon E * Trade, emerging entities, through the web, offering information and advice services at a reasonable cost. In this scenario, access to market information is no longer a privilege available to a couple of clicks. And so does access to services of an intermediary, with two clicks you can locate several brokers. You find that you choose with ease and this increased competition causes financial service providers consider the need to deliver value to a reasonable cost to get customers.

In this race competition, where we expect to get? If the value lies in the information and advice made the broker can give, will not appear strange to see entities that they charge per transaction minimum, if at all, and only charge a fee for recommending investment strategies and make information made available to us . That is, a change in the supply of services, on the other hand, becomes more transparent and beneficial for most consumers. Read the rest of this entry »