The profits of Bulgarian banks continue their rise. In mid-2019 profits in this sector amounted to 469 million euro, which is 14.6 percent up on last year, the Bulgarian National Bank, BNB says.
The level of non-performing loans is going down. At the end of June they constituted 7.2 percent, compared to 7.4 percent during the first quarter of 2019. Credits amount to a total of 32 billion euro. There is an increase in loans with households as well as businesses. The Bulgarian National Bank warns that there is a big appetite for credit, but that banks should be cautious when they grant loans and avoid taking excessive risks. The increased debt securities portfolio is seen as a positive indicator. Despite their low profitability they are a very safe investment for banks.
One fifth of Bulgarians have been in a car with a driver who has consumed alcohol. 275,000 people ( 5% of the country’s population) were driving under the influence of alcohol, indicates data of a survey conducted by Research Center Trend,..
Bulgaria’s National Assembly condemned the acts of violence against ethnic Bulgarians in North Macedonia - especially the crime against the secretary of a Bulgarian cultural club Hristian Pendikov. The MPs called on the institutions to take..
