Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Coronavirus crisis affects revenues in banking sector

Photo: capital.bg

In April, the profit of banks in Bulgaria shrank by nearly 60%, data from the Bulgarian National Bank indicates. For the month falling within the state of emergency introduced in mid-March, the profit reported by banks amounted to 30 m euros, up more than 42 m euros from a year earlier. One of the reasons for the sharp decline is the suppressed credit activity of banking clients. 

At the same time, in April banks reported much lower revenues from fees and commissions. This is also due to the stagnation caused by the anti-virus measures, which have blocked many businesses and led to fewer bank and card payments.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Dimitar Radev

Request for extraordinary report on readiness for eurozone membership will be signed

BNB Governor Dimitar Radev will sign the request for an extraordinary convergence report on the fulfillment of the criteria for eurozone membership. This is clear from his response in an interview with BTA, in which Radev announced that the Central..

published on 2/19/25 5:33 PM

Train owned by Bulgarian railway company crashes in Romania, one person dies

A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the train conductor of the private Bulgarian company, who is a Romanian citizen, died in the accident...

published on 2/19/25 4:46 PM

Sofia Airport is now officially renamed to Vasil Levski Airport

Sofia Airport has been officially renamed to Vasil Levski Airport at a solemn ceremony on February 19 . The ceremony was attended by Deputy Prime Minister and Minister of Transport Grozdan Karadjov, CEO of the airport operator “SOF Connect” Jesus..

published on 2/19/25 3:03 PM