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Bulgarian National Bank warns of risks for Bulgarian banks

published on 8/3/22 2:44 PM

Photo: Archive

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 impairments.

The Bulgarian National Bank (BNB) warned about this in the new issue of its quarterly newsletter "Banks in Bulgaria".

The banking regulator reminds that, along with this, a trend towards a global change in the interest rate cycle has emerged, as the increase in interest rates can affect the financial condition of loan borrowers and increase the cost of servicing loans.

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Radio Bulgaria News bad loans banks borrowers Bulgarian National Bank fuels loan prices raw materials

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