Non-performing fast loans (NPL) have increased their absolute value by 14% year-to-year up to BGN 404.6 million, shows the Bulgarian National Bank’s data in the third quarter of the year. Growth in the new granted loans leads to a decrease in the share of overdue debt in the total portfolio – from 6.7% in September...

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,...

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...

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...

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...

Most of the people in the Scandinavian countries have kept their job, but reduced their spending during the pandemic of COVID-19, shows study about the financial condition of the households. It is a paradox that the worst recession of this century has led to a better welfare for the majority of the households, noted in...

In the ongoing COVID-19 pandemic, Norway-based B2Holding, owner of Debt Collection Agency EAD (DCA), successfully increased its efficiency and collection in Southeastern Europe (SEE), which contributes to the revenue growth of the holding, shows the report for the fourth quarter of 2020.  B2Holding is one of the leading debt purchasers in Europe. The company operates...