Text size

Bulgarian National Bank issues set of measures to combat coronavirus crisis

published on 3/19/20 3:59 PM

Photo: archive

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 negative effects of the restrictions on citizens and businesses. The banking system's profit is capitalized by EUR 800 million. The planned increase of the capital buffers by EUR 350 million is cancelled. The liquidity of banks is increased by EUR 3.5 billion by reducing foreign exposures of commercial banks.

The Bulgarian National Bank is monitoring the situation very closely. It is fully prepared if additional measures are needed. The Bulgarian National Bank calls on legislators and the public administration to refrain from decisions which could be damaging for the financial system.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Up-to-date information BNB Bulgarian National Bank coronavirus measures

More from category

International forum in Sofia traces the way to a net-zero emissions future

Green Transition Forum 5.0 , dedicated to green innovation and sustainable development in Central and Eastern Europe, is taking place at Sofia Event Centre as of today until 20 June. The forum has the ambition of bringing together European and..

published on 6/16/25 7:40 AM

European Commission Executive Vice-President Roxana Minzatu pays 2-day visit to Bulgaria

Roxana Minzatu, European Commission Executive Vice-President for skills, education, quality jobs and social rights is arriving on a two-day visit to Bulgaria, the Bulgarian news agency BTA reports. She will hold meetings with PM Rosen Zhelyazkov,..

published on 6/16/25 7:05 AM

Weather forecast: Temperatures rise to 34° C.

During the night skies will be clear and tomorrow will be sunny, with cumulus clouds gathering in the afternoon over Eastern Bulgaria. There will be a light wind from the North-Northwest. Daytime temperatures will rise to reach a maximum of 29-34°..

published on 6/15/25 6:10 PM