The Bulgarian National Bank (BNB) is extending the deadline for submission of applications by clients of commercial banks for deferral of liabilities payable to banks until September 30, 2020. The deadline for moratorium on liabilities of bank..
Bulgaria is joining the Single Resolution Mechanism, the Bulgarian National Bank, BNB has announced. As of 1 October, 2020, the European Central Bank is assuming direct supervision of Bulgaria’s financial institutions via the Single..
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..
At the end of March 2020, Bulgaria’s gross external debt stood at EUR 33,495 billion, or 51.5% of the country’s gross domestic product. The gross foreign debt decreased by 1.7% (EUR 576 million) as compared to the end of 2019. Bulgaria’s..
The Bulgarian National Bank will put a new 10 Leva banknote into circulation on June 12, 2020. The overall design of the banknote will not be subject to any significant changes as compared to the 10 Leva banknotes which are already in..
Bulgaria's Finance Ministry has not accepted the auction of five-year bonds held by the Bulgarian National Bank (BNB). At the sale of debt securities on January 15, 2020 a price of 99.66 euros for a face value of 100 euros was achieved, which is an..
The Bulgarian National Bank reports that the gross external debt of the State Governance sector at the end of February 2020 amounted to EUR 5 423.3 million or 8.3 per cent of the country's Gross Domestic Product (GDP) and decreased by EUR 4.3 million..
The European Central Bank (ECB) and the Bulgarian National Bank (BNB) set up a swap line for EUR 2 billion. Under the agreement the Bulgarian National Bank will be able to borrow up to EUR 2 billion from the ECB in exchange for..
The management board of the Bulgarian National Bank has approved a procedure for deferring and settling outstanding liabilities to commercial banks in light of the state of emergency introduced in Bulgaria on March 13, 2020 . According to the document,..
The Bulgarian National Bank has announced that a new debt to the tune of EUR 100 million from the domestic market is to be issued. Unlike the last issue on April 6, when the bonds has a 5 -year maturity period, the new securities will be for 10 and a..
