Bulgarian National Bank

Against the backdrop of quick money ads flooding the public domain, the Bulgarian National Bank reported a boom in un-serviced fast loans.

Bulgaria will hold the second for 2021 bond sale auction on February 22, 2021. The Bulgarian National Bank will then hold an auction for the sale of the securities, the central bank reports.

Bulgaria's gross external debt at the end of November 2020 was EUR 37.474 billion which is EUR 2.296 billion more as compared with end-2019. Debt increased by EUR 2.27 billion for the year, according to data of the Bulgarian National Bank.

In its regular quarterly economic review, the Bulgarian National Bank predicts that the country's gross domestic product will register a decrease of 4.4 percent for 2020.

In the previous forecast in September, the expected fall in GDP was 5.5%.

The bank's profit for the eleven months of 2020 amounted to BGN 866 million, reports the Bulgarian National Bank.

National bank will release gold coin "Rozhdestvo Hristovo".

As of December 7, 2020, the Bulgarian National Bank will release a gold commemorative coin on the theme of "Rozhdestvo Hristovo" (Birth of Christ) from the series "Bulgarian Iconography". The price of the coin is 1300 BGN.

The Governor of the Bulgarian National Bank (BNB) Dimitar Radev warned of a possible deterioration of the economic crisis. The warning made on the eve of Banker's Day - December 6is published in the traditional bulletin released by the Association of Commercial Banks.

This was decided by the BNB after permission from the European Central Bank
The moratorium on loan payments is being extended. This was decided by the Bulgarian National Bank, after permission from the European Central Bank. Thus, the term for rescheduling will be until March 31, 2021. Loans whose repayment has already been postponed once can also be rescheduled.

Interest rates will remain extremely low for an extended period of time due to the Covid-19 crisis, leading bankers predicted at the Banks and Business conference.

A new partial moratorium on obligations is not expected, as it would not have such great effect, added Deputy Governor of the Bulgarian National Bank (BNB) Kalin Hristov.

Bulgarian National Bank (BNB) is putting in circulation a new series of banknotes, which has a face value of BGN 5. The bill will be in circulation from September 4th as legal tender, the institution said.