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.
Sofia is the best city in Europe to retire to, according to a survey by the business solutions company Moneypenny, Forbes writes. The survey takes into account factors such as average cost of living, retirement savings needed, and a variety of..
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..
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