The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..
А гrowth of 24% is reported in the number of mortgage loans in Bulgaria for the first quarter of the year, said credit consultant Tihomir Toshev in an interview with BNR. According to him, this is a record increase after 5 consecutive quarters of..
In December 2023, Bulgarian households deposited EUR 1.15 billion. The total amount of savings reached EUR 40 billion. Bank deposits of businesses and households amount to more than EUR 63.5 billion. In December last year, people were saving instead..
Many Bulgarians have been recently searching for ground floor apartments with yard-terraces, residential properties with cozy gardens located in closed-type complexes, or apartments with large terraces offering stunning views, an analysis of..
In 2020, Bulgarians took out more loans. They took 12% more mortgage loans and 5% more consumer loans as compared to the previous year. Consumer loans were most often used for home renovations and purchase of new furniture. The average amount..
