Text size

Loans worth more than 4.6 billion euros under a moratorium amid Covid-19 crisis

published on 8/31/20 7:07 PM

Bulgarian National Bank

Photo: Ani Petrova, BNR

More than 107,000 loans are subject to a temporary moratorium due to the economic consequences of Covid-19 at the end of July. This is clear from data of the Bulgarian National Bank, BNR reports.The total value of these loans is over nine billion levs /over 4.6 billion euros/ and in just one month has increased by nearly a billion levs /half a billion euros/.

More than BGN 2 billion (over EUR 1 billion) are the frozen loans of households, the remaining loans are of companies.

The rescheduling of liabilities became possible in April, and for this purpose an individual repayment plan is prepared after the expiration of the partial moratorium.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy Up-to-date information Bulgarian National Bank Covid-19 crisis loan loans

More from category

Moody's Ratings affirms Bulgaria’s Baa1 ratings, maintains stable outlook

Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..

published on 1/25/25 4:27 PM

Bulgarian National Bank places bonds with new short-term and medium-term domestic debt

On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..

published on 1/22/25 11:05 AM

Bulgaria will request a new report from the European Commission on its readiness to join the euro

Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..

published on 1/21/25 8:46 AM