The outgoing 2020 was not very good in economic terms, but fortunately the crisis provoked by the Covid-19 pandemic did not reach the scale of the world financial crisis form the period 2008-2009. Banks around the globe and in Bulgaria entered..
The mortgage system in Bulgaria is not transparent and very complex. A European Parliament delegation has come to this conclusion after a visit to the country in February. Among the problems are misleading behavior of private banks such as failure to..
More than 107,000 loans are subject to a temporary moratorium due to the economic consequences of Covid-19 at the end of July. This is clear from data of the Bulgarian National Bank , BNR reports.The total value of these loans is over nine billion levs..
The interest-free loans approved by commercial banks and guaranteed by the Bulgarian Development Bank total about 23 million euros. More than 11,000 out of 19,500 applications for loans have already been approved. Following the expansion of the..
The Bulgarian National Bank forecasts an increase in non-performing loans and has kept buffer for the vaults at 0.5 percent of their capital in the third quarter. The central bank recalls that at the beginning of the crisis with Covid-19, it..
The average amount of interest-free loans taken by individuals in difficult situation due to Covid-19 is about BGN 4,300 (EUR 2,199). This was reported by the Bulgarian Development Bank. The program in support of people on unpaid leave or those who..
The President of the Association of Banks in Bulgaria, Peter Andronov, said that the banking system in the country was stable and in recent years has accumulated buffers and reserves, which allow it to face difficulties in this period. In the..
For the first 3 days of the implementation of the bank loan rescheduling measure, more than 20,000 citizens and companies have wished to use the relief. The Association of Banks in Bulgaria recalls that rescheduling of repayment installments..
The European Commission has approved state aid to the tune of EUR 250 million to help small and medium-sized enterprises in Bulgaria affected by the coronavirus epidemic. The scheme has been submitted for approval in March by the Bulgarian government...
Fast loans have been excluded from the moratorium on loan repayments introduced because of Covid-19, the Association for Responsible Non-Bank Lending has warned. This high risk and expensive product, which is not offered by commercial banks, is..
