1 Billion BGN is the Profit of the Banks For the First 7 Months of 2019

Business » FINANCE | September 2, 2019, Monday // 10:48
Bulgaria: 1 Billion BGN is the Profit of the Banks For the First 7 Months of 2019

One billion leva is the profit of the banks for the first seven months of the year, according to BNB data. It increased by BGN 95 million compared to July last year.

About 60% of assets in the banking system are concentrated in the five largest banks, BNB data show. The whole system has seen an increase in the credit portfolio and the portfolio of government securities.

In July, the Ministry of Finance released two debt issues, with very strong interest from banks. Deposits also continue to increase.

Overall, indicators in the banking system are improving, according to BNB data.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: finance, stable, improving, BNB, Bulgaria
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria