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...

Ability of the European consumers to pay their payments on time is improving, but women remain more vulnerable to financial hardship. This shows the latest edition of the European Consumer Payment Report (ECPR), which reflects a survey of 20,000 EU citizens, conducted in January. On the positive side of the survey, many report an improvement...

Euro area banks slightly tightened business lending conditions in the first quarter of the year, while demand for loans in the corporate sector shrank significantly against the backdrop of expectations to the contrary, shows a regular survey of the European Central Bank (ECB). The survey notes a significant drop in the demand for corporate loans...

Non-performing loans (NPLs) in Europe remain at a very low level, even with a slight decrease in some segments, despite the growth in lending, the latest Risk Dashboard report of the European Banking Authority (EBA) shows. The data are as at the end of the third quarter of 2023 and show no change of the...