Izvorite

Izvorite

Alpen - NoNaMe - Bansko

Alpen - NoNaMe - Bansko


01.3.2024
Bansko Skiing Zone Concessionaire Presents to Environment Minister Conceptual Design for New Ski Gondola
Sofia, January 4 (BTA) - Meeting with Environment Minister Neno Dimov and the Mayor of Bansko on Thursday, officials of Ulen, the company running the Bansko skiing zone, presented a conceptual design for a second...

The first 20 years Max Consult.BG Ltd., Congratulations! 02.6.2023
The first 20 years Max Consult.BG Ltd., Congratulations!

UPDATED Bulgaria\'s First Floating Solar Power Plant Project Unveiled in Sofia 07.3.2023
UPDATED Bulgaria's First Floating Solar Power Plant Project Unveiled in Sofia
SOFIA, 07.03.2023 08:31 | UPDATED 07.03.2023 11:32 (BTA) A major project for building Bulgaria’s first floating solar power plant was presented in Sofia on Tuesday. Construction of the plant in the water area...


Weather/BNB fixing 14.02.25

20° Sofia 21° Plovdiv
20° Burgas 17° Stara Zagora
21° Varna 20° Rousse
CHF 1.59816 GBP 2.31651 USD 1.4962
MaxConsult.bg is a member of
www.fiabci.com www.nsni.bg www.bcci.bg/bulgarian/

Global credit crunch pushes Bulgarian interest rates higher

25.3.2008
Several Bulgarian banks have raised, or plan to raise, interest rates on outstanding and new loans, Dnevnik daily reported on March 24.

A survey of lending criteria carried out by the daily showed mortgage and consumer loans were the ones most affected, with interest rates going up by 0.25 to 0.5 percentage points.

Former state savings bank DSK, now owned by Hungary's OTP Bank, plans to raise the interest charged on mortgage loans by 0.25 percentage points on April 2. The bank is Bulgaria's second-largest by assets tops the mortgage lending segment with 27.5 per cent market share, according to Bulgarian National Bank (BNB) data, as quoted by Dnevnik.

National Bank of Greece-owned United Bulgarian Bank, which ranks second to DSK on the mortgage segment and third overall, has raised its interest rates on both mortgage and consumer loans by 0.5 percentage points on March 1.

Eurobank EFG Bulgaria, the country's fifth-largest lender, joined the club on March 24, raising interest on mortgages by 0.25 percentage points, both for outstanding and new loans.

Piraeus Bank's Bulgarian arm is considering a similar move, although it declined to say when it would do so, Dnevnik said.

Among the banks that do not plan to raise interest rates are EIBank, owned by Belgian group KBC, and Unionbank, where Hungary's MKB bank is the majority shareholder, as well as locally-owned First Investment Bank and Investbank.

The recent spate of interest rate hikes reverses the previous trend, with Bulgarian lenders aggressively wooing consumers with low interest rates as late as autumn 2007, when global markets were already reeling from the effects of the global financial crisis and after BNB introduced higher reserves requirement in a bid to rein in credit growth.

Despite BNB's attempts to slow down lending by cutting down the resources available to banks, credit growth in 2007 was 62.5 per cent, a trend that slowed down slightly in January 2008, when the year-on-year growth rate slowed down to 61.8 per cent, according to central bank data.
Source: Sofiaecho.com
Latest news:
Globul reverts to old terms for contractual subscribers Globul reverts to old terms for contractual subscribers
Bulgaria's second-largest mobile phone operator Globul is reverting to its old terms for contractual subscribers, the operator's press office told Dnevnik daily.On March 20 Globul informed the Consumer Protection...
Two Tabacco Factories In Bulgaria On Sale Two Tabacco Factories In Bulgaria On Sale
Bulgarian state decided to sell two factories on the Bulgarian Stock Exchange, local Economy and Energy Minister Petar Dimitrov announced this week.The mills located in Plovdiv and Stara Zagora (South Bulgaria), are...
2008 Announced for Year of Indonesia in Bulgaria 2008 Announced for Year of Indonesia in Bulgaria
By the time of the visit of the Indonesian Minister of Culture and Tourism Jero Wacik to Bulgaria, Anelia Krushkova, chief of State Agency of Tourism (SAT) stated that she was surprised by the number of Indonesian...
64 M EUR Invested in First Business Park in Plovdiv City 64 M EUR Invested in First Business Park in Plovdiv City
‘Prime Property BG' invests 64 million EUR in the constructions of the first Business Park in the city of Plovdiv (Central South Bulgaria).The business park will includes 4-5 storey modern buildings with offices...
Bulgaria Govt Allocates BGN 1 M to Small Firms for Innovative Knowledge Bulgaria Govt Allocates BGN 1 M to Small Firms for Innovative Knowledge
The Bulgarian Economy and Energy Ministry is going to allocate a total of BGN 1 M for the transfer of knowledge to small and medium-scale enterprises. The program envisages a grant scheme for the realization of...
Bulgarian drug maker Sopharma continues regional expansion Bulgarian drug maker Sopharma continues regional expansion
Sopharma, the Bulgarian pharmaceuticals company, said it has secured the approval of the Serbian anti-trust authority to acquire a controlling stake in Serbian peer Ivancic&Sons. 'We are always looking for...
City of Sofia in civic power-sharing deal with developers City of Sofia in civic power-sharing deal with developers
In a trade-off for withdrawing their lawsuit against the increase in the price of building permits in Sofia, developers will be allowed to have a say on key civic issues like where and in what to invest, waste...
Car batteries maker Monbat to spend 64 mln levs on investment Car batteries maker Monbat to spend 64 mln levs on investment
Monbat, the Bulgarian manufacturer of car batteries, said it has earmarked 64.2 mln levs to increase the production capacity and the competitiveness of its Montana and Dobrich plants and to complete the facilities for...
Dunav Mall project kicks off in Ruse Dunav Mall project kicks off in Ruse
Local company Marmeg said it will break ground Friday for Dunav Mall, the first Western-style shopping center in the Danube city of Ruse. Dunav Mall, designed in line with the standards of the International Council of...
State may be allowed to take private property for non-public uses State may be allowed to take private property for non-public uses
Legislative changes drafted by the Bulgarian government may enable the state to apply a summary procedure for the taking of private properties not only in case they are needed for major public infrastructure projects...