ECB to make stress tests of six Bulgarian banks as part of procedure for accession to Eurozone

Photo: EPA

The European Central Bank has chosen to check six of Bulgaria’s biggest banks as part of the procedure for this country’s accession to the European Banking Union and the ERM II Mechanism (Eurozone’s waiting room). According to publications in Mediapool and Capital, the three biggest banks in Bulgaria-UniCredit Bulbank, DSK and UBB, as well as First Investment Bank will be subject to stress tests. The banks have to go under the asset quality review under the so-called Comprehensive Assessment of the Bulgarian Banking System. Bulgaria aims at joining the Banking Union and the Eurozone Waiting Room by July 2019.

More from category

Over 25% of all gas supplies to Bulgaria to come from Azerbaijan in two years

Bulgaria expects that Azerbaijan would be among the main suppliers of gas to the future Balkan gas distribution hub, this country’s Minister of Energy Temenuzhka Petkova said. The strategic energy partnership between Bulgaria and Azerbaijan envisages..

published on 2/18/19 6:48 PM

Bulgaria calls on Ukraine to guarantee the rights of minorities

We are sending clear message in support of the independence, the sovereignty and the territorial integrity of Ukraine. We also support the diplomatic efforts towards a sustainable and peaceful settlement of the conflict in the eastern part of this..

published on 2/18/19 6:05 PM

Roaming charges in the Balkans to become cheaper

European Commissioner for Digital Economy and Society Mariya Gabriel welcomed the readiness of the six countries from the Western Balkans to update in April this year the regional roaming agreement. This move will reduce roaming prices with the..

published on 2/18/19 5:55 PM