The value of the banking sectors assets increased by 4.2% y/y to BGN 76.8bn (EUR 39.3bn) at the end of December and accounted for 100.3% of the full-year GDP estimate, central bank data showed. Assets added 1.9% in monthly terms after contracting in the previous two months. Loans and advances rose by 4.6% y/y to share of 83.8% of total assets. Consumer loans were the only item with negative contribution as they fell by 1.8% last year. Loans to companies and credit institutions were the biggest credit growth drivers rising by 6.2% y/y and 8.5% at the end of December, respectively. The government sector and the non-credit institutions as well as mortgages (up by 18.1% y/y, 6.9% y/y, and 1.1%, respectively) also pushed up credit growth last year. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more