Starting January 1, 2021, the paper two-lev bill will not be an official means of payment any more. The decision has been made by the BNB Governing Council, reporter Marta Mladenova informed. Banknotes from 1999 and 2005 are currently in..
Bulgarians remain pessimistic about their financial situation over the next 12 months, a survey of the National Statistical Institute conducted in July 2020 reads. Although attitudes on economic development in this country are better than..
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 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..
Bulgaria's central bank BNB has adopted the guidelines approved by the European Banking Authority for private moratoria on payments in light of the Covid-19 crisis. Payment moratoria are seen as an effective tool to address short-term liquidity..
The Bulgarian National Bank (BNB) has announced a package of more than 4.6 billion euros that will be earmarked for measures to tackle the effects of the COVID-19 crisis . The aim is to preserve the resilience of the banking system and reduce the..
On January 25, 140 years since the establishment of the Bulgarian National Bank in 1879 by the Russian imperial commissioner in Bulgaria, Prince Alexander Dondukov-Korsakov, is celebrated. On 6 June that same year the first bank operation took place...
Consumer loans increased in December with almost 18%, compared to the same month in 2017, according to BNB data. This means debt of over 4.5 billion euros for households. Housing loans have risen by more than 10%. At the same time, the increase in..
The profit of the Bulgarian banking system exceeded EUR 500 million, data of the Bulgarian National Bank for August show. In August 2016 the results of the stress tests of the country’s banking system were announced. The profit of the Bulgarian..
