Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
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)
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)

BNB: EU Stress Test Proves Stability of Bulgarian Banks
Date: 25/07/2010
BNB: EU Stress Test Proves Stability of Bulgarian Banks

The European bank groups represented in Bulgaria, which took part part in the pan-European bank stress tests demonstrated stability and high capital adequacy, the Bulgarian National Bank declared in a statement.

The European banking system stress tests were organized according to a decision of ECOFIN and were coordinated by the Committee of European Banking Supervisors (CEBS) in cooperation with the European Central Bank, the European Commission, and the consolidating national supervisors.

The BNB points out that the purpose of the tests was to evaluate the capacity of the European banking system to meet hypothetical future unfavorable developments in terms of credit, market, and sovereign risks, to refute any suspicions of weaknesses in the sector, and to restore lending in the interbank market.

A total of 91 banks from 20 EU member states participated in the tests - 26 large pan-European banking institutions, and 65 banks of key importance for their national banking systems; seven of the banks failed the stress tests. These banks comprise over 65% of the consolidated assets of the EU banking system. The stress tests were conducted on the highest consolidated group level by the banks themselves in close cooperation with the consolidating national supervisors.

The bank groups participating in the European survey are represented in Bulgaria by fifteen credit institutions. Out of them 4 are from Greece, 3 from France, 1 from each Austria, Belgium, Germany, Italy, Ireland, Slovenia, Hungary and the Netherlands. These institutions’ market share approximates 76% of the overall Bulgarian banking system.

This list includes Raiffeisenbank Bulgaria (a subsidiary of the Austrian Reiffeisenbank); CIBank (owned by the Belgian KBC Group); BNP Paribas, Sofia Branch; Emporiki Bank Bulgaria (owned by the French Credit Agricole); Societe Generale Expressbank (owned by the French Societe Generale; MKB UnionBank (owned by the German Bayerische Landesbank); United Bulgarian Bank (owned by the National Bank of Greece); Alpha Bank, Bulgarian branch (owned by the Greek Alpha Bank); Piraeus Bank (Greece); DSK Bank (owned by the Hungarian OTP Bank); the Bulgarian-American Credit Bank (in which the Allied Irish Bank is the major shareholder); Unicredit Bulbank (a subsidiary of the Italian Unicredit); ING Bank, Sofia branch (owned by the Dutch ING bank); NLB Banka Sofia (owned by the Slovenian New Ljubljana Bank), and Postbank (owned by the Greece EFG Eurobank).

Topic: Financial

Featured District
Invest Bulgaria Charts
FDI as Percent of GDP in Bulgaria
FDI as Percent of GDP in Bulgaria

Capital and Financial Account of Bulgaria
Capital and Financial Account of Bulgaria

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

The town of Hissarya is located in the centre of south Bulgaria in the outskirts of Sredna Gora Mountain. Having 22 different mineral springs, Hissarya is a world-famous health resort.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2020 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 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