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

No extension of loan repayment moratorium expected

Levon Hampartzoumian
Photo: library, BGNES

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 disappears, economic problems continue," Hampartzoumian said. If a company had an unsustainable business, the outcome for it would not be good both in times of a pandemic and without one, the banker added. "People who owe money should communicate with the financial institution they took the loan from. Do not expect banks to start asking for money the day after the end of the loan repayment moratorium. But banks must be convinced that they would receive the money back," Hampartzoumian said. He added that a wave of non-performing loans was not expected.



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

17 drifting mines have been destroyed in the Black Sea since the beginning of the war in Ukraine

17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war in Ukraine until today. This was said by Fleet Admiral Velko Velkov at the opening of the Poseidon..

published on 11/4/24 5:45 PM

Bulgaria signs engineering contract for new nuclear capacity with Westinghouse and Hyundai 

An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities and the Westinghouse and Hyundai consortium . Within a year, the engineering design, worth between..

published on 11/4/24 3:14 PM
Rositsa Mateva

63 polling stations did not have required CCTV coverage

In 63 polling stations out of a total of 11 626 polling stations that should have been equipped with CCT V, there was no live video feed and recording of the 27 October snap elections. This was announced by the deputy chairperson and spokesperson of the..

published on 11/4/24 2:12 PM