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..
Putting off loan obligations will be made through an agreement with the banks for a new repayment plan. Temporarily the principal amount or the principal and the interest may not be paid, Petar Andronov, head of the Association of Banks in..
In an interview with the Bulgarian National Television, the CEO of the Sofia Commodity Exchange Vasil Simov predicts that the wave of food hoarding since the beginning of the Covid-19 epidemic will lead to a subsequent decline in demand , which will force..
