Household debt in Bulgaria has been growing faster than wealth, according to the annual Allianz Global Wealth Report. By the end of last year the total household debt had reached 31 billion euros, up by 18% on the year. In recent years, household lending, especially mortgage lending, has registered significant increases. Bulgarians, however, are still...

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,...

Non-performing loans (NPLs) to households have been growing, while the risks of asset quality deterioration have remained, according to the new Banks in Bulgaria report, published by Bulgarian National Bank (BNB). The report covers the third quarter of 2023, when the share of NPLs in Bulgarian banks has stood at 4.4%, a slight decline compared...