Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgaria's Default Bank Loans Hit 16%
BULGARIA'S DEFAULT BANK LOANS HIT 16%
Date: 25/08/2010
Source: novinite.com
Bulgaria's Default Bank Loans Hit 16%

The default bank loans in Bulgaria have reached 16% by the end of July, according to data from Bulgaria’s Central Bank, BNB.

The total amount of the so-called bad loans is estimated at BGN 6.2 B and went up by BGN 334 in the month of July, compared to BGN 198 M June, 2010. The record of BGN 424 M, however, was registered in April, 2010.

According to the data, corporate default loans top the list (17%), followed by consumer loans (16%) and mortgages (14%).

The total amount of loans in Bulgaria in July is about BGN 51 B (75% of the Gross Domestic Product) with an annual increase of 2.4%. Households have BGN 19 B of them. In June the amount was BGN 51 B.

By the end of July bank deposits were BGN 41 B and about the same in June, 2010. Of them BGN 26 B belong to households.

The annual increase of deposits – July 2010 compared to July 2011 is 8.4%.


Topic: Financial



Featured District
YAMBOL DISTRICT AND CITY INFORMATIONYambol
Invest Bulgaria Charts
Trade Balance of Bulgaria
Trade Balance of Bulgaria

FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

See all charts
Did You Know?
New Sofia Airport
New Sofia Airport
Since 2006, Sofia has a modern brand new international airport that matches the finest airports in ... More

The biggest city at the Bulgarian Black Sea coast, Varna is situated 470 km east of Sofia. In the course of more than 7 millennia, the Gulf of Varna has been the cradle of several significant civilizations - humankind's oldest gold was excavated in Varna, created by people who inhabited that place around the 4th millennium BC and long before the Thracians, Greeks, Bulgarians and Turks.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members