Will the US War-for-Profit System Lead to Nuclear Annihilation
The US continues to fan the flames of nuclear conflict with massive investments in the war department. How long can this last?
World | November 12, 2022, Saturday // 10:43
The Bulgarian Development Bank Reports 20% Growth in Profit
- Tweet
Send to Kindle
www.pixabay.com
BGN 18.3 million in profit for the first six months of this year is reported by the Bulgarian Development Bank. The increase is 20% compared to the same period of the previous year and is a result of the activation of the credit activity, the institution announced.
The Bank's portfolio grew by 7% this semester.
2018 was the strongest in the history of the banking institution, with the largest volume of attracted funds from foreign credit institutions.
The Bank finances its activities by negotiating the attraction of resources from foreign and international credit institutions as well as investment funds.
Bulgarian Development Bank currently has 13 active contracts with 8 financial institutions. Among them is the China Development Bank (CBD), which signed a record contract for 1.5 billion euro in 2018.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian Railways turned a Profit
For the second consecutive quarter, the national railway carrier reports an increase in its revenues
Business | July 26, 2022, Tuesday // 16:31
BSMEPA and BDB will host the 17th annual meeting of INSME in Sofia on December 9-10
The Bulgarian Small and Medium Enterprises Promotion Agency and the Bulgarian Development Bank are co-organizers of the hybrid event, which will be held on December 9 and 10, 2021 at the Grand Hotel Millennium Sofia, as well as online.
Business | December 6, 2021, Monday // 11:49
Bulgarian Development Bank: New BGN 1.7 Billion for Small and Medium Business
The Bulgarian Development Bank has stated to the European Commission its desire to attract additional funds for the rehabilitation and development of small and medium-sized businesses.
Caretaker Minister of Economy Will Initiate Inspection of State-owned Bulgarian Development Bank
A special commission will inspect Bulgarian Development Bank (BDB) to see why it has helped eight persons, 4 of whom may be indirectly linked to famous businessman and former MP Delyan Peevski.
Politics | May 17, 2021, Monday // 12:29
BDB Bulgaria: The Interest-Free Loans Approved by Commercial Banks for Individuals Reached Nearly BGN 50 Million
The interest-free loans approved by commercial banks for individuals reached nearly BGN 50 million.
Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Bulgaria's Eurozone Entry Likely Delayed to 2026 Amid Disinformation and Economic Challenges
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
Rising Trend: Bulgarians Abroad Send Increasing Amounts of Money to Home Country
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Finance Minister Reveals: Bulgaria's Fiscal Reserve Stands at BGN 10.9 Billion
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
Sofia Exceeds Average Income Levels in Europe
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
