Text size

Bulgarian National Bank issues set of measures to combat coronavirus crisis

published on 3/19/20 3:59 PM

Photo: archive

The Bulgarian National Bank (BNB) has announced a package of more than 4.6 billion euros that will be earmarked for measures to tackle the effects of the COVID-19 crisis. The aim is to preserve the resilience of the banking system and reduce the negative effects of the restrictions on citizens and businesses. The banking system's profit is capitalized by EUR 800 million. The planned increase of the capital buffers by EUR 350 million is cancelled. The liquidity of banks is increased by EUR 3.5 billion by reducing foreign exposures of commercial banks.

The Bulgarian National Bank is monitoring the situation very closely. It is fully prepared if additional measures are needed. The Bulgarian National Bank calls on legislators and the public administration to refrain from decisions which could be damaging for the financial system.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information BNB Bulgarian National Bank coronavirus measures

More from category

Negotiations to form a regular government continue

Negotiations to form a regular government continue today. There is agreement on the name of the next prime minister - Rosen Zhelyazkov from GERB-SDS, there is also agreement on the governance agreement. However, the talks are complicated by the..

published on 1/13/25 3:54 PM

Bulgarian Parliamentary Speaker meets with US Ambassador Kenneth Merten

The Speaker of the Bulgarian National Assembly Natalia Kiselova spoke with the US Ambassador to Bulgaria Kenneth Merten. Kiselova expressed condolences to the relatives of the US citizens who died during the devastating fires in Los Angeles ...

published on 1/13/25 2:26 PM

Minister Dimitrov: “EU money for water management is additional funding, not panacea”

A unified water management authority is needed to solve the problems with water shortage. This was what caretaker Minister of Environment and Water, Petar Dimitrov, told bTV. Currently, water management is fragmented,..

published on 1/13/25 11:52 AM