Bulgaria's Bad Credit Marks Creeping Growth

Business » FINANCE | November 1, 2011, Tuesday // 12:28| Views: | Comments: 0

The amount of bad credit in Bulgaria have marked a steady growth for the last year, according to information revealed by the Bulgarian National Bank.

Around September 2011, the proportion of bad credits in the country has reached 14.54%, against some 10% for the same month in 2011.

Around the middle of this year, the amount of bad credit was 13.53%, said the Bulgarian National Bank.

At the same time, the National Bank has registered a growth in bank profits, as well as a growth in the amount of deposits in banks during 2011.

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Tags: deposits, profit, Bulgarian National Bank, bad credits, bad credit
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