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 banks that have to carry out supervision measures have already submitted their plans. The stress tests of the system have been conducted under both a basic and adverse scenarios. The need to make corrections has been found at First Investment Bank, Piraeus, Investbank and Victoria Commercial Bank. The evaluation of the quality of assets and stress tests have suggested that the banking system is stable and extremely resistant.
Bulgaria had no reason to prohibit the plane of President of Serbia Aleksandar Vučić from flying over Bulgarian airspace en route to Moscow for the military parade on May 9. This was what Prime Minister Rosen Zhelyazkov said in..
The Bulgarian National Bank (BNB) will stop announcing the base interest rate after the introduction of the euro as national currency. This is stated in the series of questions and answers with which the central bank explains the..
Congratulations to the new Pope Leo XIV! May he work with wisdom and dedication for a more peaceful world and dialogue between all, Prime Minister Rosen Zhelyazkov wrote in "X" on the occasion of the election of the new head of..
The Ministry of Education and Science and the International Bank for Reconstruction and Development (IBRD), one of the five institutions of the World..
Roma families from Sofia's "Zaharna Fabrika" residential district, who were left homeless after their illegally built homes were demolished on April 15..
A second flood in two weeks in Northwestern Bulgaria has caused damage in the villages of Lehchevo and Kobilyak. The rainfall, accompanied by large..
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