The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported. According to Bulgarian National Bank data, the growth of profit is by..
Many of our compatriots do not know how to manage their finances and prefer to "freeze" their savings in long-term deposits for " rainy days" with unfavo u rable interest rates and even losses. Analysts attribute the growing..
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..
At the end of July 2020, the deposits of the non-governmental sector amounted to EUR 44.94 billion. The amount is 79.1 percent of the GDP. The annual increase in deposits is 8.4%, according to the Bulgarian National Bank. Deposits of..
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..
Interest rates on loans and deposits will not change, the Association of Commercial Banks forecasts. Compared to 2019, there is a decline in interest rates. Interest rates on housing loans for households are already below 3%, and on deposits - 0.02..
At the end of October 2016 bank deposits in the NGO sector reached a total of 34.12 billion euro ( 66.646 Leva) or 74.9 percent of the GDP , which means an 8.3 percent year-on-year growth, the Bulgarian National Bank says. At the same time..
The interest rates on deposits offered by the commercial banks to the local households and companies have reached new historical lows and are very close to zero (those in Euro offered to Bulgarian firms decreased to 0.38% on an annual basis). The..
The Bulgarian National Bank has said that at the end of February 2016 deposits of the non-governmental sector in the Bulgarian banking system were to the tune of 63.947 billion leva /32.88 billion euro/ or 70.4% of the GDP equal to an annual growth of..
