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...

Bulgaria continues to be among the countries with the largest share of people at risk of social isolation and poverty, according to Eurostat data for 2023. A total of 30% of Bulgarians live in deprivation – only 2 percentage points below the share in Romania.  The statistics examine a total of 13 indicators that assess...

The credit portfolio of the Bulgarian banks grew strongly in April as well, and the share of non-performing (NPLs) and restructured household loans decreased, according to the monetary statistics of the BNB for April. In mortgage lending in particular, there has been a noticeable decline in delinquent loans in an absolute value. So far, the...

Being efficient and adaptable is a key skill for any business. In the debt collection sector, where the situation can change at short notice and information processing is a cornerstone of success, this is even more important. In partnership with consulting companies, specializing in digital transformation, we have implemented technological solutions based on the so-called...

Non-performing fast loans (NPL) increased in absolute value and as a share for the first quarter of the year. At that time it was a weak growth in the total loan portfolio, according to BNB data. In previous quarters increased lending helped keep the NPL ratio to total loans largely flat or slightly down. At...

Europe’s corporate sector plans to cut costs despite growing optimism in the economy, and late payments continue to take a toll on companies. This shows the new European Payment Report (EPR), which summarizes the results of a survey among over 9 000 small, medium and large companies in 25 countries in Europe. Bulgaria is also...

Non-performing bank loans in Bulgaria increased in the first quarter of the year, according to BNB data. In contrast to previous quarters, the growth of lending failed to compensate for the increase in NPL – the share of overdue loans grew and for the second consecutive quarter was over 2% of the total portfolio. Consumer...