Debits and credits

Bank Fees in Bulgaria Continue to Rise

The trend of rising fees that banks collect for various products and services continues. The next increase has been a fact since the beginning of August, mainly referring to the service in the branches. The explanation is that, in addition to inflation, the administrative costs of maintaining a branch network make services offered locally more expensive.

Card payments leap higher in third quarter

Credit and debit card transaction turnover grew almost 15 percent over the third quarter of the year on an annual basis, banishing fears that the growth rate of online transactions might slow to below 10 percent in 2019.

Card transactions added up to 11.4 billion euros in July-September, up 14.6 percent or 1.4 billion euros from the third quarter of 2018.

Lamda close to securing major line of credit

Lamda Development is close to sealing an agreement to open a major line of credit from foreign and domestic banks that will be used to finance the first phase of the Elliniko plot's development, Kathimerini understands. A share capital increase is also under consideration, without its timing, coverage or amount having been determined yet.

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