Send to Kindle
Long queues of customers waiting to withdraw their savings could be seen at a number of FIBank branches on Friday. Photo by BGNES
Shares of Bulgaria's First Investment Bank were up 24% as of Monday, 13:00 EEST (11:00 GMT).
Data from the Sofia Stock Exchange, cited by website Capital.bg, came despite Friday's surge of panic among many Bulgarians following rumors spread via SMS and online that the bank could fail.
The information forced scores of people to withdraw their savings.
FIBank shares are gradually restoring their levels to those before the attacks (which pushed them down 20%) and were sold on Monday for BGN 3.50 each, close to their Thursday's value of BGN 3.74.
The bank meanwhile says on its website there is a growing number of customers who have canceled requests to withdraw deposits they issued Friday. Despite concerns of liquidity problems the bank opened as usual on Monday and is to continue receiving clients during business hours.
Experts cite the EU Commission's decision to approve a liquidity support scheme for Bulgarian banks and the final decision on early elections date announced Sunday as reasons fo the stabilization.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Shares of Wall Street collapsed today amid growing fears of a potential Russian invasion of Ukraine, AFP reported. Markets ignored the good results of Walmart and other companies.
The owner of the social network “Facebook” - Meta collapsed in the market with 230 billion dollars - an unprecedented loss for an American company in just one day. Shares fell 26.4% after investors were disappointed by data for the last quarter of 2021.
The shares of the American company Meta on the New York Stock Exchange fell nearly 22 percent after trading was finished on Wednesday and after posting quarterly gains with weak growth forecasts and lower net income. According to the trading platform, an
Twitter users have decided that entrepreneur Elon Musk will sell 10% of his shares in Tesla. This was done through a poll published by him, in which he stated that he would take the step if Twitter approved, and would take into account the results of the
Amazon said its quarterly earnings fell despite exceeding expectations, leading to a downfall in the tech giant's shares, AFP reported.
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
In a recent report by the National Statistical Institute, Bulgaria's annual inflation rate for March witnessed a notable deceleration, settling at 3% compared to the previous month's figure of 3.0%
As Bulgaria grapples with a deepening political crisis and the looming specter of early elections, the economic ramifications are starkly evident
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
