Text size

Bulgarian National Bank warns of risks for Bulgarian banks

published on 8/3/22 2:44 PM

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!

Radio Bulgaria News bad loans banks borrowers Bulgarian National Bank fuels loan prices raw materials

More from category

Dimitar Glavchev convenes an emergency meeting for the evacuation of Bulgarians from Lebanon

Caretaker Premier Dimitar Glavchev has convened a meeting at the Council of Ministers to discuss measures for the safe evacuation of Bulgarians from Lebanon, the government press service reported. Representatives from the Ministry of Foreign Affairs,..

published on 9/29/24 12:16 PM

Nikola Nikolov - Pascal has been detained in Serbia

Nikola Nikolov - Pascal, considered one of the largest smugglers, has been arrested in Serbia during a joint operation by Bulgarian and Serbian special services. The name of the detainee gained notoriety during the arrest of former National..

published on 9/29/24 11:31 AM

Museum visits by foreign tourists increase by 56.4%

The number of visits of foreign tourists to Bulgarian museums in 2023 was 988,000, according to data from the National Statistical Institute. This is an increase of 56.4% compared to the previous year, said Deputy Minister of Tourism Pavlin Petrov...

published on 9/29/24 9:45 AM