Debts of Bulgarian households are increasing at the most rapid pace since the years before the global financial crisis, according to the latest Allianz Global Wealth Report. According to the study the liabilities of Bulgarian households in 2023 increased by 13.6% compared to the previous year.  At the same time, the net financial assets (shares,...

The risks in the banking system have been increasing and therefore the Bulgarian National Bank (BNB) has imposed new requirements on the borrowers of mortgage loans, according to a news release from the central bank. They will affect both new loans and those already granted but being renegotiated. The measures will take effect from October...

Consumers in the euro area expect weak growth in real estate prices over the next 12 months, while their forecast for mortgage interest rates is to fall, shows the latest regular survey of the European Central Bank (ECB), conducted in June among 19 000 participants in euro area countries. Citizens of these countries hope that...

Non-performing loans (NPL) in the Bulgarian banking sector have increased by 1.38% in six months, according to Bulgarian National Bank’s (BNB) data as of the end of June 2024. The growth in absolute value has surpassed over BGN 175 mln (EUR 89.48 mln) compared to December 2023. As a share they have remained almost unchanged,...

The credit risk in Central, Eastern and Southeastern Europe (CESEE) remains under control, but commercial real estate’s loans seem vulnerable, notes the latest report of Vienna Initiative, which overviewed the banking sector and non-performing loans (NPL) in the region in 2023. Generally, the bank’s NPL-level in CESEE stays at a stable plane in the background...

Credit risk is already materializing in Europe with a rise in non-performing loans (NPL), according to the report of the European Banking Authority (EBA) for the first quarter of this year. Most of the banks surveyed for the report still expect a deterioration in asset quality in the next 6 to 12 months, targeting real...

Lending in the Bulgarian banking sector is growing, and non-performing loans (NPL) in some segments are decreasing, according to the data from the monetary statistics of the BNB at the end of May. The overall growth of granted loans was 13% on an annual basis, with the increase in loans to households being much stronger...

Debt Collection Agency EAD (DCA), one of the leading debt purchasers and debt collection companies in Bulgaria, appointed a new management.    Yulia Yurgakieva, the current CEO, has stepped down after three years at the helm and a total of more than 10 years service in the management, during which time she has been instrumental in...

Between 2017 and 2023 most of the Bulgarian banks recorded a decline in non-performing loans (NPL) level, but it remained above the regional average. This notes the latest report of the Vienna Initiative organization, which examines bank assets condition in Central Eastern and Southeastern Europe (CESEE) as of June 2023. The restructuring of corporate portfolios...