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

No extension of loan repayment moratorium expected

Levon Hampartzoumian
Photo: library, BGNES

The moratorium on loan repayments will not be extended for a third time. The end of the health-care part of the problem can be seen on the horizon, banker Levon Hampartzoumian has told bTV.

"But as the medical issues disappears, economic problems continue," Hampartzoumian said. If a company had an unsustainable business, the outcome for it would not be good both in times of a pandemic and without one, the banker added. "People who owe money should communicate with the financial institution they took the loan from. Do not expect banks to start asking for money the day after the end of the loan repayment moratorium. But banks must be convinced that they would receive the money back," Hampartzoumian said. He added that a wave of non-performing loans was not expected.



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

Temperatures on the rise, spring weather on Friday

On Friday, the weather in Bulgaria will be mostly sunny. There will be weak wind in the eastern parts, stronger winds in the western half of the country.  Daytime temperatures will be on the rise - highs will reach 21°C to 26°C, in Sofia – around..

published on 3/28/24 7:10 PM

Ski resort under scrutiny over COVID-19 funds

The European Public Prosecutor's Office in Sofia has conducted searches at two hotels in a Bulgarian ski resort as part of an investigation into fraud involving EU subsidies for Covid-19, reports BNR's Brussels correspondent Angelina Piskova. The money..

published on 3/28/24 6:19 PM

President Radev starts meetings with possible caretaker prime ministers

Bulgaria's President Rumen Radev has started consultations with the candidates for caretaker prime minister.  President Radev hands ITN the third cabinet-forming mandate, they hand it back to him unfulfilled Under the constitutional changes from..

published on 3/28/24 3:42 PM