Credit standards remained unchanged for corporate clients, according to the European Central Bank’ (ECB) survey for the third quarter of 2024. This happened after more than two years of consecutive tightening, ECB notes. Credit standards eased for loans to households for house purchases but tightened for consumer credit, the data shows. Housing loan demand rebounded...

Loans to households and businesses in Europe increased by 5.5% in the second quarter of the year compared to the end of 2023, which in absolute value is close to EUR 200 billion, according to a study by the European Banking Authority (EBA) among 162 banks that make up 80% of the sector. The share...

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...