Text size

Five Bulgarian commercial banks go under direct supervision of ECB

published on 9/12/20 10:28 AM

Photo: Archive

Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020, BNR reports. This is part of the cooperation of the Bulgarian National Bank with the European financial institution on the way to Bulgaria's accession to the Euro area and the euro.

The ECB's list includes UniCredit Bulbank, DSK Bank, United Bulgarian Bank, Postbank and Raiffeisenbank (Bulgaria).

Cooperation between the ECB and the BNB will also cover the supervision of less significant banks that remain under the direct supervision of the BNB.

Radoslav Milenkov, Deputy Governor of the BNB and Head of Banking Supervision department, will represent Bulgaria in the Supervisory Board of the ECB, with the right to vote.

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

Radio Bulgaria Economy banks Bulgarian National Bank commercial banks DSK bank European Central Bank Postbank Radoslav Milenkov UniCredit Bulbank

More from category

Eurozone entry could bring benefits for Bulgarian businesses and economy

Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..

published on 1/8/25 11:37 AM

A 100 square meter apartment in Bulgaria costs 199 average monthly salaries

In 11 district cities in Bulgaria, 1 square meter of residential space costs under EUR 1,000. In 13 district cities, the price ranges from EUR 1,000 to EUR 1,400. In Sofia and Varna, 1 square meter of residential space costs EUR 2,400, National Real..

published on 1/6/25 10:10 AM

Bulgarian company awarded with gold license for investment project in Egypt

On the last day of last year, the Egyptian Minister of Investment and Foreign Trade Hassan al-Khatib awarded a total of nine gold licenses at a ceremony at the General Agency for Investment and Free Zones, which was also attended by the Bulgarian..

published on 1/3/25 1:24 PM