31 August, 2023
The share of non-performing fast loans decreased in the second quarter of this year, according to BNB data. The main reason is overall growth of the portfolios of companies specializing in lending. In terms of value, overdue fast loans increased by almost BGN 14 million (EUR 7.16 million) or 4.4% in just three months. Total...
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Dimitar Bonchev Board Member of DCA
14 August, 2023
Sofia, 14 August 2023 – Dimitar Bonchev, who had previously been for eight years part of the management of Debt Collection Agency ЕАD (DCA), one of the leading debt purchase companies in Bulgaria, has again been elected as a member of the company’s Board of Directors. He has replaced Georgios Christoforou who will focus on...
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4 August, 2023
Non-performing loans (NPL) in the Bulgarian banking system fell to 3.8% of total assets, show the Bulgarian National Bank (BNB) data for the second quarter of 2023. According to the supervisory data at the end of June loans, which are overdue 90 and more days, are above BGN 2.54 billion (EUR 1.3 billion). If we...
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27 July, 2023
European companies accept payment delays from their counterparties and themselves are being forced to delay payment of their debts. This is according to the findings of the European Payment Report (EPR), examining business attitudes in 29 countries. More than one-third of asked admit that that they are increasingly paying later than they themselves would accept...
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20 July, 2023
The share of non-performing loans (NPL) in Bulgarian banks continues to decrease mainly due to their sales to specialized companies and write-offs, but despite this, the credit risk is exacerbated, commented the Bulgarian National Bank (BNB) in ​​the latest report on the state of the banking system in the first quarter of 2023. At the...
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30 May, 2023
For the first time since June 2022, the value of non-performing fast loans (NPL) has increased, BNB data show. At the end of March overdue loans in the non-banking financial sector approached BGN 320 million, with a 5.7% growth for the quarter and nearly 11% on an annual basis. Growth in lending is keeping the...
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11 May, 2023
Non-performing loans (NPL) as a share of the Bulgarian bank’s portfolios continued to decrease in the first quarter of the year, shows the latest data from Bulgarian National Bank (BNB). The decline is in almost all segments, but the overdue consumer loans have increased both as share and value. At the end of March the...
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