800 M FOR FIRST GROUP BANK IN BULGARIA

Business | April 1, 2001, Sunday // 00:00

The National Bank is changing the rules for grouping the banks. According to the new rules a bank will need to have a balance figure of over BGN 800 M, 500 M previously to be considered as a bank in first group. Only three local banks respond to condition - Bulbank, UBB and the State Savings Bank. Others having turnover between BGN 500 M and BGN 800 M will be put in 2nd group.

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