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

Banking system not severely affected by coronavirus crisis

Photo: BGNES

The banking system has not been directly hit by the coronavirus crisis. At the moment it is stable and there is no increase in interest rates on loans, banker Levon Hampartzoumian has told bTV.

Comparing the current financial crisis with the one that occurred ten years ago, he said that the previous one was mainly a crisis of liquidity and mistrust between banks and a lack of sufficient capital in the banks themselves.

For ten years, things have improved in such a way that the world's banking and financial systems are more resilient to shocks, even some unpredictable shocks. These days in Bulgaria and around the world banks are in much better health condition in comparison to the previous crisis, Mr. Hampartzoumian added.

He also said that banks are the safest place to keep money. According to Hampartzoumian, the proof of this was that bank savings of Bulgarians have already reached 57 billion dollars.




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

General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM
General Major Nikolay Rusev

Bulgaria will seek a system for maximum protection against drones

We want to buy a system that has maximum protection against drones. This does not mean that it has a mechanical effect on the drone, but at least that it has some electromagnetic or blocking control of the device. This was explained to BNT by Maj. Gen...

published on 10/16/25 1:22 PM
Slovak President Peter Pellegrini with President of North Macedonia Gordana Siljanovska

Slovak Ambassador summoned to Ministry of Foreign Affairs over statements made in Skopje

Slovak Ambassador Vasil Grivna was summoned to the Ministry of Foreign Affairs over official statements made by Slovak President Peter Pellegrini during his visit to Skopje on October 14. There were unacceptable assessments made..

published on 10/16/25 10:40 AM