Belgium's KBC Bank and Austria's Raiffeisen Bank International have agreed that KBC will buy 100% of the shares of Raiffeisenbank Bulgaria for just over 1 billion euros, RTE reported. The banks announced that the transaction includes..
The profit made by Bulgarian banks as of 30 September, 2021, reached over half a billion euro, 195 million more than during the first nine months of 2020, BNT has reported. According to Bulgarian National Bank data, the growth of profit is by..
Despite rising inflation, banks expect low interest rates to remain in the medium term , said Tsvetanka Mincheva, head of one of the largest banks in Bulgaria. According to her, the pressure of rising prices provokes people to look for alternative..
The Bulgarian Development Bank has been checking economic relation in loans granted by it. this happens after Delyan Peevski was sanctioned under the global "Magnitsky" Act . This was announced by the Minister of Economy Kiril Petkov during a..
All banks in the country with business relations with individuals sanctioned under the Global Magnitsky Act have already taken the restrictive measures necessary , the Bulgarian National Bank (BNB) has announced. The BNB adds that the..
Loans totaling 4.2 billion euros were rescheduled because of the Covid-19 crisis at the end of February, BNR reporter Marta Mladenova informed. The number of rescheduled loans as of March 31 will be clear in a month. The end of March..
The moratorium on loan repayments will not be extended for a third time. The end of the health-care part of the problem can be seen on the horizon, banker Levon Hampartzoumian has told bTV. "But as the medical issues..
In the pandemic year 2020, Bulgarians working abroad sent 339.4 million euros to their relatives in Bulgaria. This is 879.4 million euros or 72% less than the bank transfers for 2019, when 1.219 billion euro came to the country, according to BNB..
On January 1, 2024, Bulgarians will most likely shop using euros, the governor of the Bulgarian National Bank Dimitar Radev predicts , quoted by Bloomberg TV Bulgaria. The country's entry into ERM 2 will accelerate the process of convergence..
The Governor of the Bulgarian National Bank, Dimitar Radev has received a grand award on the occasion of Banker's Day. The Banker of the Year 2020 award was presented to him by the editor-in-chief of the Banker newspaper, Bistra Georgieva. The..
