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

Non-performing fast loans in Bulgaria increase

Photo: Pixabay

In September 2022, non-performing fast loans in Bulgaria increased with 23.2% year-on-year to a total of BGN 346.4 million (EUR 176.7 million), statistical data of the Bulgarian National Bank show. For comparison, a year ago the amount of bad loans amounted to BGN 281.1 million (EUR 143.7 million), or BGN 65.3 million (EUR 33.3 million) less than the current level. Demand for fast loans increased in 2022 reaching the pre-Covid levels. More than 70% of the amounts were granted to households.

At the end of the third quarter of 2022, the number of bank deposits of households decreased with 2.9% on an annual basis. Meanwhile, the amount of money deposited in banks increased. Deposits between BGN 50,000 (EUR 25,000) and BGN 100,000 (EUR 50,000) are prevalent.




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

EC: Bulgaria still not meeting eurozone criteria

Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..

published on 6/26/24 1:51 PM

EU pays €65m for Bulgaria's electricity grid

Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement.  The money is part of a total of nearly €3 billion..

published on 6/24/24 2:16 PM

Bulgaria sinks in the 2024 World Competitiveness Ranking

Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..

published on 6/19/24 9:19 AM