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Bulgaria has positive balance of payments and negative trade balance

The Bulgarian National Bank has reported that in August the balance of payments remained positive and reached a level of 621.2 million euros in comparison to a level of 424.9 million euros a year earlier. The balance for the first eight months of the..

18.10.16 12:24 |

Bank mergers expected in Bulgaria

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...

30.09.16 10:44 |

By 2017 banks must introduce reasonable fees

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..

19.08.16 14:50 |

BNB: corrections needed of 1.3 percent of bank assets

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..

13.08.16 14:37 |

Number of bank deposits in Bulgaria down, total amount of bank savings up

The number of bank deposits in Bulgaria decreased, the Bulgarian National Bank informs. However, the total amount of bank deposits was to the tune of over EUR 22 billion by end June, or 6.8% more as compared to the same period last year. Meanwhile,..

10.08.16 09:32 |

Tony Thompson: World Bank appreciates progress of BNB

The World Bank appreciates the progress of the Bulgarian National Bank, the representative of that international institution in Bulgaria Tony Thompson told the Bulgarian National Radio. In the past two years the Bulgarian authorities undertook serious..

04.06.16 11:45 |

Bank deposits of Bulgarian households up, loans down

The Bulgarian National Bank has said that at the end of February 2016 deposits of the non-governmental sector in the Bulgarian banking system were to the tune of 63.947 billion leva /32.88 billion euro/ or 70.4% of the GDP equal to an annual growth of..

23.03.16 17:11 |
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