Banks' interest incomes on loans have decreased, while their interest expenses on deposits are on the rise.
In the near future, the trend of deposit growth and slowdown in lending activity will continue to develop. This is the forecast of the Association of Commercial Banks, quoted by BNR reporter Marta Mladenova. The trend is due to the slow economic activity caused by the Covid-19 crisis. The decline in loans and fee and commission incomes, as well as low interest rates, has led to a 26% drop in net profit in the banking sector on a quarterly basis in the second quarter of 2020.
The liquefied natural gas (LNG) terminal at Alexandroupolis, of which Bulgaria is co-shareholder, is already contributing to competitiveness in Greece and Bulgaria, but also in the entire region, said caretaker Energy Minister Vladimir Malinov after..
At a meeting with the ambassador of Japan to Bulgaria Hisashi Michigami, Bulgarian President Rumen Radev welcomed the interest by the Japanese side in the investment and trade potential of Bulgaria. The meeting was attended by proprietors and..
Bulgaria is going to the sixth early parliamentary elections in less than 4 years, and this hinders the constructive debate and the ratification of an important convention prepared by the International Labor Organization (ILO) and accepted by 44 countries..
International rating agency Fitch Ratings has affirmed Bulgaria's long-term foreign and local currency credit rating at BBB with a positive outlook, the..
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