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Bank mergers expected in Bulgaria

Photo: BTA

Bulgarian National Bank Governor Dimitar Radev has predicted consolidation and mergers of banks in Bulgaria, in line with analogous developments in Europe. Interest has been declared from strategic investors, which was not seen in the past years. The BNB governor has commented that Bulgaria’s banking system is stable, trust in banks has been recovering, and that the country ranks third as per the smallest debt as part of GDP after Estonia and Luxembourg. He however has noted that it is still early to talk about accession to the Euro Zone.




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