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The bank Credit Agricole Bulgaria is renamed to Commercial Bank Victoria, reports Money.bg, quoting an entry in the Commercial Registry from August 8.
Currently the bank, 100% owned by troubled Corporate Commercial Bank (KTB), is represented by the administrators, appointed by the Bulgarian National Bank (BNB) Hristina Stamova and Bozhidar Arshinkov.
One of the ideas, discussed in connection to KTB problems, was to transfer all “good” assets from KTB to Credit Agricole. It, however, has not come into being, at least so far.
The Bulgarian National Bank (BNB) has clarified numerous questions about the adoption of the euro, the conversion of the Bulgarian lev, and its role after the country joins the eurozone.
Bulgarian National Bank (BNB) Governor Dimitar Radev expressed support for the National Assembly’s decision regarding the request for an extraordinary convergence report on Bulgaria’s admission to the eurozone
Bulgaria is projected to meet the convergence criterion for price stability in January 2025, with expectations to continue achieving this for the rest of the year
Despite the measures imposed by the Bulgarian National Bank (BNB), housing lending in Bulgaria continues to rise rapidly
The Bulgarian National Bank (BNB) has adopted a new regulation outlining the framework for providing emergency liquidity support to solvent banks once Bulgaria joins the Eurozone
The Bulgarian National Bank (BNB) has expressed strong opposition to the draft state budget for 2025, which is set to be officially submitted to the National Assembly by the caretaker government
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Dimitar Georgiev, a Bulgarian financier and international market analyst, warned of potential economic catastrophe due to the immense financial burden caused by rearmament efforts across Europe, including Bulgaria
Bulgaria's economy showed notable growth in the final quarter of 2024, with a 3.4% increase in GDP compared to the same period the previous year, surpassing the initial estimate of 3.1%
A nationwide information campaign on Bulgaria’s adoption of the euro is set to launch this month
At the end of February, Bulgaria’s budget recorded a deficit of 1 billion leva (500 million euros)
After Bulgaria joins the eurozone, the rate of mandatory minimum reserves (MRR) for local banks will be significantly reduced
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