In April, the profit of banks in Bulgaria shrank by nearly 60%, data from the Bulgarian National Bank indicates. For the month falling within the state of emergency introduced in mid-March, the profit reported by banks amounted to 30 m euros, up more..
Consumer loans increased in December with almost 18%, compared to the same month in 2017, according to BNB data. This means debt of over 4.5 billion euros for households. Housing loans have risen by more than 10%. At the same time, the increase in..
Recently, the Bulgarian National Bank reduced the basic interest rate to 0%. This move, however, will not influence significantly the interest rates on bank credits. BNB is basically following the monetary policy line of the European Central..
