Bulgaria's Banking Sector Faces Increased Costs as Non-Performing Loans Surge
Bulgaria’s banking sector is bracing for an increase in non-performing loans (NPLs), as the cost of covering potential bad debts has nearly doubled in 2024
2.47 million Bulgarians have loans, some have more than one, Bulgarian National Bank statistics show.
The names of practically all Bulgarians of working age are on the Central Credit Register, and every Bulgarian household has at least one loan to pay. A total of 5.433 million credits have been taken out worth 39 billion euro, 28 billion of which granted by banks to 3 million customers.
1.2 billion euro has been granted by fast loan companies. 79 percent of all credits are in Leva. The average consumer credit payment is 150 euro per month, and the average mortgage credit payment - 300 euro per month.
The number of bad loan payers has gone down by half in 2018, their accumulated debt amounting to 720 million euro, BNR reported.
The Bulgarian Orthodox Church today commemorates St. Athanasius the Great, recognized as the "father of Orthodox theology"
Transport Minister Grozdan Karadjov has officially accepted the resignations of Engineer Stoyan Stoyanov, head of the National Company "Railway Infrastructure" (NRIC), and Christian Krastev, manager of BDZ-Freight Transport
Bulgaria has decided to temporarily halt the import of meat and animals from Brandenburg, Germany, following an outbreak of foot-and-mouth disease in the region
Since November, the number of violations in the Low-Emission Zone in central Sofia has reduced nearly tenfold
Thirteen-year-old Nikolay from the village of Konare, Stara Zagora region, has been missing for a month
On January 17, the Bulgarian Orthodox Church honors St. Anthony the Great, a revered figure known for his ascetic life
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