Banks' interest incomes on loans have decreased, while their interest expenses on deposits are on the rise.
In the near future, the trend of deposit growth and slowdown in lending activity will continue to develop. This is the forecast of the Association of Commercial Banks, quoted by BNR reporter Marta Mladenova. The trend is due to the slow economic activity caused by the Covid-19 crisis. The decline in loans and fee and commission incomes, as well as low interest rates, has led to a 26% drop in net profit in the banking sector on a quarterly basis in the second quarter of 2020.
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
Overcast, rain
Mostly Cloudy
Partly cloudy, chance of rain
Cloudy