Lending activity in Bulgaria remains high, which in the short term is positive for banks' profitability, but in the long term creates a risk to their balance sheets
The prediction was made in the Bulgarian National Bank's quarterly Macroeconomic Forecast
The total profit of Bulgarian banks for the period January – October 2024 reached 1.5 billion euros, according to data of the Bulgarian National Bank (BNB)
Bulgaria's trade deficit continues to expand and for the first nine months of 2024, it reached 3.5 billion euros, or 3.5% of the estimated gross domestic product
In terms of technical infrastructure and logistical preparation, the level of readiness is very high, at least as far as the BNB and the banking sector are concerned
The Bulgarian National Bank is not limiting the provision of mortgage loans by banks and is only escalating its monitoring. This was explained by BNB Governor
The Bulgarian National Bank (BNB) lowered its expectations for the growth of the Bulgarian economy this year and next. This became clear
The Bulgarian National Bank (BNB) has lowered its growth expectations for the Bulgarian economy in 2024 and next year. The central bank now expects gross domestic product (GDP)
