Expats

Bulgaria's Bank System Can Cope with Bad Credit - Analyst [Nov 19, 2011] Bulgaria's bank system has enough buffers to cover bad credits, according to Open Society economist Georgi Angelov. Giving a lecture Saturday, Angelov commented that although bad credits have reached unprecedented highs, the banking system in the country remains stable. According to data quoted by the economists, 14.... [via YahooNews] More >>

Bulgaria's Banking System Stable, Corporate Lending on the Rise [Jun 01, 2011] Data on Bulgaria's banking system as of April 30, 2011, has indicated no negative change in its financial stability, according to the latest report of the Bulgarian National Bank (BNB). April has marked the highest monthly growth of corporate lending in Bulgaria since the beginning of 2011. BNB data shows that the liquid asset ratio, as calculated under BNB Ordinance 11, preserved its high level ... [via YahooNews] More >>

Bulgaria Police Arrest 4 over Crimes against Banking System [May 22, 2010] Four people have been arrested during a special police operation in Bulgarias Black Sea capital Varna on Saturday. The Bulgarian Interior Ministry reported that they are suspected of crimes against the banking system. [via YahooNews] More >>

Bulgaria's FinMin: Euro Adoption Not Yet Off the Table [Apr 12, 2010] Finance Minister Simeon Djankov has insisted he would ensure the stability of Bulgaria 's currency and banking system, but doing so will require a tight fiscal policy, even though Bulgarian GDP contracted by almost 6% last year. [via YahooNews] More >>

(AFX UK Focus) 2010-02-25 16:33 Bulgaria eases capital adequacy rules for banks (Interactive Investor) [Feb 25, 2010] SOFIA, Feb 25 (Reuters) - Bulgaria's central bank eased some of its rules for capital adequacy of the banking system to free liquidity in times of deepening recession, it said on Thursday. Under the amendments, the risk weight for retail exposures will be reduced to 75 percent from 100 percent at present and the risk weight for exposures secured by real estate property will be cut to 35 percent ... [via YahooNews] More >>