Bank fees related to checking account services continue to rise. According to data from the Bulgarian National Bank, the average amount of fees as of December 31, 2022 has increased. Payment by using a terminal remains free for the..
In 2022, the profit of the banking system will reach EUR 1.07 billion, which is 46.8% more than the profit made in 2021, the Bulgarian National Bank reports. At the end of December 2022, the assets of the banking system reached EUR..
Just 11% of Bulgarians managed to save some money last year, according to a study by the "Trend" research center. 39 percent said they lived normally, but without being able to make any savings. 19% had to use money from their..
A sharp increase in the prices of fuels and raw materials and possible disruptions in their regular supply can affect economic activity, affect the ability of borrowers to service their loans and subsequently lead to an increase in bad loans and asset..
In the bulletin of the Association of Banks in Bulgaria, Governor of the Bulgarian National Bank (BNB), Dimitar Radev, has predicted inflation peak in June and subsequent easing. Radev also predicts a reversal of the interest..
On November 22, the Bulgarian National Bank held an auction for the sale of government bonds with a maturity of 7.5 years and a fixed annual interest rate of 0.25%. The state loan totals 255 million euros. In 2021, the Ministry of Finance already..
Belgium's KBC Bank and Austria's Raiffeisen Bank International have agreed that KBC will buy 100% of the shares of Raiffeisenbank Bulgaria for just over 1 billion euros, RTE reported. The banks announced that the transaction includes..
The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported. According to Bulgarian National Bank data, the growth of profit is by..
Despite rising inflation, banks expect low interest rates to remain in the medium term , said Tsvetanka Mincheva, head of one of the largest banks in Bulgaria. According to her, the pressure of rising prices provokes people to look for alternative..
The Bulgarian Development Bank has been checking economic relation in loans granted by it. this happens after Delyan Peevski was sanctioned under the global "Magnitsky" Act . This was announced by the Minister of Economy Kiril Petkov during a..
