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Greek capital boosts bank deposits in Bulgaria

Photo: BGNES

The reflux of capital from Greek banks in 2016 boosted bank deposits in Bulgaria and Romania, Greece’s Ekathimerini contends. The deposits in Bulgaria saw a 10% increase year on year and in Romania bank deposits rose 8%, whereas in Greece they dwindled with 23%. Many small and medium-sized companies, mainly in Northern Greece, have transferred their bank deposits from local banks to banks in Bulgaria and Romania. The money transaction procedure in those two counties is alleviated, because they are EU members, Ekathimerini notes.




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