THE BULGARIAN NATIONAL BANK (BNB) WILL RELEASE SOME BGN 60 M DEPOSITED...

Politics | February 28, 2002, Thursday // 00:00

The Bulgarian National Bank (BNB) will release some BGN 60 M deposited as minimum requires reserves by local banks, starting March 4. Bank credits with a maturity of over two-year will be excluded. BNB decision is expected to boost banks’ lending. According to Svetoslav Gavriiski, BNB Director, the move will ease long-term lending, which will reflect in a fall in interest rates.

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