Global household debt has risen to an all-time high, with its rate of growth accelerating last year. This is according to the latest data from the annual Allianz Global Wealth Report, which tracks household wealth and debt in nearly 60 countries. Debt is rising most sharply in Eastern Europe and Bulgaria, whilst accumulated inflation is…

Overdue receivables in financial leasing remain unchanged as a proportion of the total portfolio in the segment, whilst the growth rate of newly granted financing in the market, in absolute terms, has been outpacing the increase in outstanding payments not paid on time, according to data about Bulgarian leasing companies’ claims under financial leases from…

For the first time in two years, non-performing quick loans (NPLs) granted by non-bank financial institutions have risen quarter-on-quarter, both in absolute terms and as a percentage of the sector’s total loan portfolio, according to the latest data from the Bulgarian National Bank for the second quarter of the year. In April–June, the value of…

The development of artificial intelligence (AI) is now moving beyond the phase of exploratory trials and experiments towards a stage of deep integration into core business processes, and payment management and debt collection systems are among those most affected by the advent of AI, according to the latest Economy in Focus report from one of…