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

PP-DB collect evidence of election rigging

"We Continue the Change - Democratic Bulgaria" are reviewing the video recordings from the election sections in order to collect evidence of vote rigging, PP co-chairman Asen Vassilev told BNR. At the moment when sufficient facts are..

published on 11/3/24 2:20 PM

Vote recount can only happen after decision of the Constitutional Court

"When I look at the CCTV footage, I have the feeling that some of the sectional election commissions did not work according to the rules." That is how chair of the CEC, Kamelia Neikova, commented information about manipulations related..

published on 11/3/24 1:05 PM

Bulgaria is ready to help Spain after the devastating floods

By order of caretaker Prime Minister Dimitar Glavchev, the institutions are ready to provide assistance to Spain after the floods in Valencia, the Council of Ministers reported. If the authorities in Madrid request support,..

published on 11/3/24 11:41 AM

WEATHER

Pick city: Sofía

Cloudy
Min: 7 | Max: 11

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Slavi Trifonov offers PP/DB his own declaration in exchange for supporting their declaration for isolating Delyan Peevski

Slavi Trifonov, leader of There Is Such a People (ITN) declared he would sign the declaration of We Continue the Change/Democratic Bulgaria (PP/DB),..

published on 11/2/24 4:35 PM

65 cameras from the online video streaming of the elections have no recordings

The recordings from 65 cameras, which streamed the counting of the ballots on election night online, have gone missing, according to a report by the..

published on 11/2/24 10:45 AM

PP/DB sends parliamentary forces a declaration on a cordon sanitaire around Delyan Peevski

We Continue the Change/Democratic Bulgaria (PP/DB), which came second in the 27 October parliamentary election, sent the other political forces to be..

published on 11/2/24 11:06 AM

Share