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...

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...

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...

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...

Non-performing loans (NPL) in the region of Central and Southeastern Europe record a new historic low, shows the data, published by the analysis group Vienna Initiative. The analysts said the overdue debt continues to decline, despite the economic tumults of the past years. At a regional level, NPL volumes fell 10% to €27.4 billion in...

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...

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...

Long periods of credit growth create conditions for an increase in indebtedness and accumulation of credit risk in the banking system, warns the Bulgarian National Bank (BNB) in the latest report “Banks in Bulgaria”, which covers the fourth quarter of 2022. During this period, NPL-exposition volume decreased as a result of write-offs of loans to...

Capital levels and liquidity of the European banks remain strong and the sector’s profit is increasing, shows the latest report Risk Dashboard, published by European Banking Authority (EBA). In the last quarter of 2022 non-performing loans (NPL) stayed stable – 1.8%, and the Stage 2 loans fell slightly by 0.2 percentage points from September to...