Association of Commercial Banks

The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector. Governor Dimitar Radev argued that implementing such a measure to address next year's budget deficit would result in higher credit costs and negatively impact the stability of Bulgaria's financial system.

Bank accounts will automatically be converted from BGN to EUR on the day of the introduction of the single European currency, emphasized the Governor of the Bulgarian National Bank (BNB) Dimitar Radev in his publication in the bulletin of the Association of Commercial Banks.

Thousands of Bulgarians have a name day today, sailors and bankers celebrate as well, the Church honors St. Nicholas the Miracle Worker of Myra. St. Nicholas Day is also the day of the Bulgarian city Burgas.

The name means "winner", name day celebrate people with the names: Nikola, Nikolay, Nikolina, Nikoleta, Nina, Kolyo and their derivatives.

The number of non-performing loans in Bulgaria since the beginning of the year remains similar compared to 2020 and even slightly decreases. The general levels of payment for consumers are also relatively stable, according to data from the Receivables Management Association on the trends in the receivables market from the beginning of 2021.

The Governor of the Bulgarian National Bank (BNB) Dimitar Radev warned of a possible deterioration of the economic crisis. The warning made on the eve of Banker's Day - December 6is published in the traditional bulletin released by the Association of Commercial Banks.

We have made a lot of effort and to our delight the colleagues from the European Banking Authority, allowed the Bulgarian business to use this moratorium and postpone the payment of interest or principal on loans in the coming months of the pandemic. This was stated by Prime Minister Boyko Borissov during a working meeting at the Council of Ministers with members of the government.