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May 26, 2022 · For Bulgarian banks, the expected gradual tightening should not be a significant problem. The most direct effect is through banks' investments in government securities - rising yields on them mean falling prices, and banks are required to account for them at market value.
The share of Bulgarian firms investing in EIBIS 2021 is 61%, the second lowest in the EU after Romania (60%). However, Bulgarian firms have become more optimistic in 2021, as more expect to increase rather than decrease investment (net 9%), again the second lowest share in the EU.
- Bulgarian Banking Sector Overview
- Major Banks in Bulgaria
- Closed Banks
The Bulgarian banking sector is primarily comprised of universal banks that offer a range of products and services in both retail and business banking. Notably, the loan-to-deposit ratio for most banks remains below 1, underscoring a prudent approach to financing and highlighting the self-funding capability of Bulgarian banks. The consolidated bank...
Out of 23 banks operating in Bulgaria, 5 largest banks collectively hold around 75% of the consolidated banking assets, each of the banks having more than 5% market share. Remarkably, only one of these banks, First Investment Bank AD, has Bulgarian capital, while the remaining four are foreign-controlled banks originating from Italy, Hungary, Belgi...
See Also
1. Economy and Banking Sector of Bulgaria 2. List of Banks in Bulgaria
Last year was characterized by lower impairments and accrued provisions, accelerated lending activity, rising interest rates and improvement of the financial results of the banking sector. As of December 31 st ,2022, 25 banks were operating in Bulgaria, including 7 foreign banks’ branches.
EcONOmIc REvIEw. 4/2021. BULGARIAN NATIONAL BANK. The BNB quarterly Economic Review presents information and analysis of balance of payments dynamics, monetary and credit aggregates, their link with the development of the real economy, and their bearing on price stability.
Learn about the foreign investment climate in Bulgaria including information on the country's FDI attractiveness, market disadvantages and FDI support.
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The market share of the five largest banks in the banking system assets was 66.6 per cent (against 66.2 per cent as of 30 September 2020). At the end of September 2021 the five significant banks (according to the ECB criteria) occupied 66.1 per cent of banking system assets and less significant banks 30.6 per cent (against 65.9 per cent and
