Dimitar Radev

''The banking sector in Bulgaria is stabilised after the problems we had in 2014 and bankrupcy of the country's 4th-largest credit institution - Corporate Commercial Bank due to fraud and internal misappropriation, but bad loans remain a challenge according to reports by the International Monetary Fund and the European Commission'', the governor of Bulgarian National Bank (BNB), Dimitar Radev,

''Accession to the Eurozone remains top priority for Bulgaria'', Finance Minister Vladislav Goranov said at a conference for the 25th anniversary of the Association of Commercial Banks in Bulgaria, according to BNR.

Bulgarian National Bank (BNB) Governor Dimitar Radev has said it is the right time for the country to access the ERM II Mechanism, the so-called "Eurozone waiting room".

"If I was looking for comfort, I wouldn't have occupied this seat. Over the last year, the situation was rather tense. Banking supervision is in much better shape now," stated the head of BNB Dimitar Radev.

The Bulgarian National Bank paid BGN 22.3 M to the Board of Directors and its employees in 2015.

BGN 6 M were for bonus payments, announced a report by the National Audit Office. Ivan Iskrov was the Governor of BNB until July, 2015. After that, the position was occupied by Dimitar Radev.

Reforms in governance and banking supervision at Bulgaria's central bank have been discussed at a meeting of its governor Dimitar Radev with the heads of missions of EU Member States and the delegation of the European Commission in Sofia on Tuesday.

The Bulgarian legislators have imposed an upper limit for the salary of the head of the country's financial regulator, making it equal to the wage of the Speaker of Parliament.

The Bulgarian National Bank has said it will put forward a possible approach to the accession of the country into the single currency area.

The governor of the Bulgarian National Bank (BNB), Dimitar Radev, assured that the country's banking system is stable as a whole.

Radev noted that Bulgaria's commercial banks have high liquidity, but restoring the confidence to previous levels goes through stress tests and external assessment.

Dimitar Radev, Governor of the Bulgarian National Bank (BNB), acting in his capacity as Governor of the International Monetary Fund (IMF) for Bulgaria, has expressed the country's willingness to adopt the IMF's Special Data Dissemination Standard Plus.