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BNB warns banks to be careful with lending

Photo: Ani Petrova

In the bulletin of the Association of Banks in Bulgaria, Governor of the Bulgarian National Bank (BNB), Dimitar Radev, has predicted inflation peak in June and subsequent easing.

Radev also predicts a reversal of the interest rate cycle. Global interest rates will rise and lending will rise, too. Therefore, the BNB calls on banks to carefully balance in 2022 "between the possibilities for expanding lending, the result of the expected improvement of the economic situation, and the zones of economic instability." The main criterion for balance is "improving the quality of assets," according to Radev.

The Governor points out that despite the delay, the BNB continues to work actively for the country's accession to the eurozone.

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