Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Coronavirus crisis affects revenues in banking sector

Photo: capital.bg

In April, the profit of banks in Bulgaria shrank by nearly 60%, data from the Bulgarian National Bank indicates. For the month falling within the state of emergency introduced in mid-March, the profit reported by banks amounted to 30 m euros, up more than 42 m euros from a year earlier. One of the reasons for the sharp decline is the suppressed credit activity of banking clients. 

At the same time, in April banks reported much lower revenues from fees and commissions. This is also due to the stagnation caused by the anti-virus measures, which have blocked many businesses and led to fewer bank and card payments.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny yet cold weather expected on Saturday

The weather on Saturday will be mostly sunny over most of Bulgaria. There will be considerable clouds in eastern Bulgaria before midday and rainfall is expected in the eastern areas, but precipitation will stop also there and clouds will break...

published on 11/22/24 7:35 PM

Greece reinforces police at Promakhon checkpoint on border with Bulgaria to speed up border crossing

Authorities in Greece will deploy more police officers at the Promakhon checkpoint on the border with Bulgaria to speed up the processing of documents for people and vehicles crossing the border, reports BNR's correspondent in Greece, Katya Peeva...

published on 11/22/24 6:09 PM
Hungarian Minister of Interior Sandor Pinter

Romania and Bulgaria have a chance to join Schengen by land as of January 2025

Romania and Bulgaria have a chance to join the Schengen area by land as  of January 2025 , Hungarian Interior Minister Sándor Pinter said after an informal meeting in Budapest of the interior ministers of Hungary, Bulgaria, Romania and Austria ...

published on 11/22/24 4:37 PM