Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian National Bank warns of risks for Bulgarian banks

Photo: Archive

A sharp increase in the prices of fuels and raw materials and possible disruptions in their regular supply can affect economic activity, affect the ability of borrowers to service their loans and subsequently lead to an increase in bad loans and asset impairments

The Bulgarian National Bank (BNB) warned about this in the new issue of its quarterly newsletter "Banks in Bulgaria".

The banking regulator reminds that, along with this, a trend towards a global change in the interest rate cycle has emerged, as the increase in interest rates can affect the financial condition of loan borrowers and increase the cost of servicing loans.



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

Bulgaria, Romania and Turkey take part in joint mine counter measures operation in the Black Sea

The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..

published on 7/2/24 8:05 AM

President Rumen Radev pays working visit to Greece

On 2 July, Bulgarian President Rumen Radev is to take part in the opening of the 28th Annual Economist Government Roundtable, the Bulgarian news agency BTA reports. The international forum brings together state leaders from Greece and the region,..

published on 7/2/24 7:40 AM
Kiril Petkov

PP-DB reaffirms its refusal to support a GERB-SDS government

On Facebook, Kiril Petkov, co-leader of We Continue the Change - Democratic Bulgaria (PP-DB), said that this coalition would not support "the GERB-SDS government that Peevski dreams of, because the next reforms that Bulgaria needs are impossible with..

published on 7/1/24 6:13 PM