Bulgarian National Bank

President Radev Discussed Bulgaria's Bid to Join the Euro Area with BNB Governor

Bulgaria's President Rumen Radev met Governor of the Bulgarian National Bank (BNB) Dimitar Radev on February 13. The focus of the meeting was Bulgaria's announced intention to join the Exchange Rate Mechanism II (ERM II), which is the first mandatory step for joining the euro area, BNT reported.

PM Boyko Borissov: Bulgaria to Enter the Euro Zone Waiting Room by the End of April

Bulgaria is expected to enter the euro zone waiting room by the end of April. This was announced on January 28 by Prime Minister Boyko Borissov, who attended the annual meeting of the business with the government, organized by Capital newspaper, BNT reported.

1 Billion BGN is the Profit of the Banks For the First 7 Months of 2019

One billion leva is the profit of the banks for the first seven months of the year, according to BNB data. It increased by BGN 95 million compared to July last year.

About 60% of assets in the banking system are concentrated in the five largest banks, BNB data show. The whole system has seen an increase in the credit portfolio and the portfolio of government securities.

How much have the Loans and Deposits of Bulgarians increased Since the Beginning of the Year?

With the record low-interest rate on the Bulgarian banking market, lending is growing towards the end of the first half of 2019. Despite the lower yields on deposits, they are also increasing towards the end of July, according to the Bulgarian National Bank (BNB).

USD337.26m Boost in Bulgarian Foreign Direct Investment

 Foreign direct investment (FDI) in Bulgaria registered a USD337.26 million surge from January to June this year on an annual basis.
Bulgarian National Bank (BNB) showed that Bulgaria's FDI posted during the first half of 0.8 percent of the gross domestic product (GDP) from the 0.3 percent seen a year earlier during the same period.

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