Bulgaria Banks Loan Lending Up 7% in April
Business | May 13, 2008, Tuesday // 00:00
- Tweet
Send to Kindle
The lending of loans from banks in Bulgaria shows a 7% increase for the month of April.
This statement was made by Violina Marinova, Chair of the Association of Banks in Bulgaria in front of Darik Radio.
Calculated on an annual basis this would be a 35% growth.
When asked about the expected price increase of loans in Bulgaria over the course of the year as a reflection of the global mortgage crisis, Marinova replied:
"It is very difficult to make such predictions. I am sure that you do not expect me to say an exact number or specify the exact time when such price increase is going to happen. This depends on many factors. It depends on the international markets' state, the Bulgarian economy as a whole, the tax and budget policies and the regulations' frame. Many factors influence the rise of the interest percentage. It is not a simple process for me to precisely pinpoint or to offer some sort of recipe."
This statement was made by Violina Marinova, Chair of the Association of Banks in Bulgaria in front of Darik Radio.
Calculated on an annual basis this would be a 35% growth.
When asked about the expected price increase of loans in Bulgaria over the course of the year as a reflection of the global mortgage crisis, Marinova replied:
"It is very difficult to make such predictions. I am sure that you do not expect me to say an exact number or specify the exact time when such price increase is going to happen. This depends on many factors. It depends on the international markets' state, the Bulgarian economy as a whole, the tax and budget policies and the regulations' frame. Many factors influence the rise of the interest percentage. It is not a simple process for me to precisely pinpoint or to offer some sort of recipe."
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » The Interconnector with Greece is Now Connected to the Bulgarian Network
- » Bulgaria has received Offers for the Supply of Natural Gas with a Secured Unloading Slot
- » These Bulgarian Electric Vehicles will be Among the Most Affordable on the World Market
- » Bulgaria: The Economy Grew by nearly 5% before the Start of Summer
- » Almost the Entire Management of "Bulgargaz" has been Replaced
- » North Macedonia to Introduce Electricity Saving Measures
