The profit of the Bulgarian banking system exceeded EUR 500 million, data of the Bulgarian National Bank for August show. In August 2016 the results of the stress tests of the country’s banking system were announced. The profit of the Bulgarian..
Bulgarian National Bank Governor Dimitar Radev has predicted consolidation and mergers of banks in Bulgaria, in line with analogous developments in Europe. Interest has been declared from strategic investors, which was not seen in the past years...
Banks in Bulgaria must introduce reasonable fees for basic services offered by 2017. Banks are obliged to make this change in conformity with the European directive on fees and charges by introducing fees that are reasonable (below the average for..
The stress tests of the Bulgarian banking system have suggested the need of corrections of 1.3 percent of bank assets. This amounts to the total of 665 million leva (close to 333 million euro). The Bulgarian National Bank (BNB) has said that the..
The Bulgarian banking system is stable and the commercial banks do not need financial support from the state budget, Governor of the Bulgarian National Bank Dimitar Radev announced on occasion of the end of the quality asset review and the stress..
The profit of the thirty odd commercial banks operating in Bulgaria amounted to nearly EUR 450 million in 2015. In the first four months of 2016 only, they registered a profit to the tune of EUR 200 million . In other words, their annual returns may..
Following amendments to the Payment Services Act, the Bulgarian National Bank is to open an Internet page where citizens will be able to compare the taxes collected by the commercial banks. The banks will be obliged to publish documents with clear and..
The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The..
