Peter Andronov

This may prove to be dangerous for the economy in the future, warns the chairman of the Association of Banks in Bulgaria, Peter Andronov, who was a guest at BNT's morning bloc.

Mortgage loans have grown by 20% in just one year, and the increase in consumer loans is 14%. This is ahead of healthy growth rates, the chairman of the Banking Association of Bulgaria told the Bloc on Monday.

Novinite.com (Sofia News Agency) announces Bulgaria's "Personalities in the News" for 2017!

The poll was open in December,  and readers of Bulgaria's Novinite.com had two months to vote until the end of February. 

KBC completed the acquisition of United Bulgarian Bank and Interlease from the National Bank of Greece for a total consideration of 610 million euros, representing a 1.10x multiple of the 2016 Tangible Book Value of UBB and Interlease. The acquisition - which was announced on 30 December 2016 - was approved by the relevant regulatory authorities and received anti-trust approval.

Bulgaria's CIBANK will be able to provide BGN 200 M (around EUR 100 M) in loans to local small and medium enterprises (SMEs) over the next three years under a deal with the European Investment Fund (EIF), the EU Commission has announced.