Rising living expenses and reduced incomes are forcing many people to rely on quick loans for everyday purchases such as food, according to surveys conducted in the USA. A study by the consumer lending platform Lending Tree reveals that 25% of their clients use short-term loans for daily shopping needs. This is a sharp increase...

Non-performing fast loans and those in leasing have increased in March, according to data from the Bulgarian National Bank (BNB). In parallel with the growth in lending in both sectors, overdue debts have also increased on an annual and quarterly basis. There is an increase in both value and share of overdue obligations as part...

Almost half of Bulgarians are unable to cope with unexpected expenses, and nearly one-fifth struggle to make their mortgage payments on time, according to an analysis by the Institute for Market Economics (IME) based on data from the National Statistical Institute (NSI). Last year, the share of people living below the poverty line increased to...

Interest rates on corporate loans will fall and banks will actively offer financial resources, predicts the experts of the Bulgarian National Bank (BNB) in their latest Macroeconomic Forecast, published at the end of April. According to the forecast, investments in the private sector will be supported by an increase in final demand for goods and...

European companies are once again concerned about difficulties due to delayed payments, and tens of millions of businesses across the continent are at risk of closing, according to the new European Payment Report (EPR) from one of the leading debt management companies on the continent, published this week. The survey was conducted among the management...

Mortgage lending has created housing problems for many people, primarily young people and city-dwellers, according to a report by the European Central Bank (ECB) on the effects of stricter policies on housing loans in euro area countries. The study examines how mortgage lending tightening has led to rising rents and increased housing market inequality. According...

First decline in mortgage loans in years and a drastic reduction in loans where expenses exceed 50% of monthly income, according to the first report of the Bulgarian National Bank (BNB) since the measures introduced on October 1st. The new credit standards aim to limit mortgage lending. According to the data, the measures are already...

Strong credit activity at historically low interest rates, rising salaries, and limited investment opportunities for household savings are the key factors driving up the housing market in Bulgaria, according to the latest “Economic Review, periodical issue of Bulgarian National Bank (BNB). Annual house price growth accelerated to 16.5% in the third quarter of 2024, up...

Non-performing fast loans have increased at the end of last year, according to data from the Bulgarian National Bank (BNB) as of the end of 2024. According to statistics, in December overdue non-bank loans reached nearly BGN 476 million, which is a 30.8% increase compared to the same month in 2023. This represents shares of...