Business / Finances

Bulgarian banks have raised the fee-free limits on money transfers by mobile number

Up until now, blink p2p transfers – where available – were free for amounts up to 100 BGN

Instant cash transfers by mobile number exceeded 1.35 million in number

Instant mobile number transfers have gained popularity in 2024

Bulgarian banks’ annual profits exceeded 1.5 billion euro, again

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)

Interview | Banks are now selling their bad loans much earlier and more often than before

The average amount of purchased receivables among the companies in our association is decreasing. In 2020 it was around 2,500 euros

Smaller banks in Bulgaria give 2 to 3% interest on deposits

The significant growth of wages in Bulgaria in the last two years and people's preferences to invest their free funds mainly in deposits contributed

The Bulgarian Energy Holding paid the salaries of Mini Maritsa Iztok workers for September as well

"The bankS in our phones": Open banking can replace expensive card payments

"A key role in the country’s development": What is the future of Bulgarian Development Bank?

The Bulgarian Development Bank (BBR) is key to the country's economic growth. The path of development that the state-owned financial institution

Theodor Radonov, Head of the Bulgarian Office of the EIB Group:

Banks need to shift their focus away from mortgage lending, and pension funds should be given the opportunity to invest in venture capital

We don’t expect changes in loan interest rates

For the second year now, there has been a committee of specialists at ING Bank Bulgaria and at the bank's central office in the Netherlands