Bulgarian Banking Sector Sees Increased Profit and Asset Growth Through July 2024
By the end of July 2024, Bulgarian banks reported a profit of 2.1 billion leva, marking an increase of 115 million leva compared to the same period in 2023
First Investment Bank Management: The Bank Has Enough Liquidity
- Tweet
Send to Kindle
Worried customers lined up in front of the First Investment Bank branches on Friday in Sofia, trying to withdraw their assets. Photo: Novinite.com
On Friday afternoon the management of the First Investment Bank, subjected to vicious rumours, causing panic among its depositors, came out with the following statement:
Dear customers,
As you can see, the Bank is subjected to an unprecedented criminally organized attack with rumours and malicious public statements. There is no bank in the world, which can withstand such an organized attack.
Only today (June 27) we paid off to our customers who came to the Bank, a total of over BGN 800 M.
The Bank has enough cash and various instruments, which require technological time to become available in the Bank. This is why today, (June 27) the Bank will work with customers until 3 p.m. On Saturday (June 28) and Sunday (June 29), we will not serve our customers. The Bank will open for business as usual on Monday (June 30).
We appreciate your understanding.Thank you for trusting us.
The Management.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
New Biometric ID Cards Cause Banking Headaches in Bulgaria
Bulgarian citizens are facing unexpected hurdles with the rollout of new biometric ID cards equipped with a data chip, as certain bank offices are unable to process them through their specialized devices
Society | July 3, 2024, Wednesday // 11:44
Cash vs. Card: How Payment Methods Influence Our Spending Habits
Card payments tend to make us spend more money compared to cash payments
Bulgaria's Debt Surge: BGN 700 Million Raised Locally Since January
Since the start of the year, Bulgaria has secured an additional BGN 700 million in debt from the domestic market, according to announcements from the Ministry of Finance
European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
Gold Reaches New Highs, Nearly Touching 2,400 USD per Ounce
In the early hours of Friday trading, the price of gold surged to an unprecedented peak, nearing the 2,400 USD per ounce mark
World | April 12, 2024, Friday // 12:08
Rounding Issues in Euro Conversion Law Could Impact Bulgarian Transition
Recent changes to the Law on Payment Services and Payment Systems regarding the adoption of the euro have raised concerns among legal experts about potential contradictions with the already enacted Law on the Introduction of the Euro
Bulgaria's Income Divide: Majority Earn Under 1,500 Euros While a Few Make Millions
In 2023, approximately 2,400 Bulgarians earned monthly incomes exceeding 50,000 leva (around 25,000 euros)
Bulgarian Banking Sector Sees Increased Profit and Asset Growth Through July 2024
By the end of July 2024, Bulgarian banks reported a profit of 2.1 billion leva, marking an increase of 115 million leva compared to the same period in 2023
Bulgarians Opt for Expensive Quick Loans Over Credit Cards Despite Better Rates
In Bulgaria, there has been a significant rise in the use of quick loans, a trend driven by several factors
Bulgarians Rank Third in Europe for Gold Purchases Amid Record Prices
The recent record high in gold prices has sparked discussions among financial analysts about its implications for the economy
New Crypto Regulations in Bulgaria
The Ministry of Finance in Bulgaria has introduced a draft Law on Cryptoasset Markets aimed at regulating the trading of crypto-assets
