Petar Andronov

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.

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.

Putting off loan obligations will be made through an agreement with the banks for a new repayment plan. Temporarily the principal amount or the principal and the interest may not be paid, Petar Andronov, head of the Association of Banks in Bulgaria, told BNR.

This may prove to be dangerous for the economy in the future, warns the chairman of the Association of Banks in Bulgaria, Peter Andronov, who was a guest at BNT's morning bloc.

Mortgage loans have grown by 20% in just one year, and the increase in consumer loans is 14%. This is ahead of healthy growth rates, the chairman of the Banking Association of Bulgaria told the Bloc on Monday.

Following the conclusion of an agreement between the European Investment Fund (EIF) and Cibank on Friday, 1000 Bulgarian SMEs will be eligible to receive EUR 100 M in loans under the programme for Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME).

The election of a new Governor of the Bulgarian National Bank (BNB) should be completed as fast as possible, according to Petar Andronov, Chair of the Association of Banks in Bulgaria.

The term in office of the current BNB Governor, Ivan Iskrov, expires in October.