Four Bulgarian banks passed the European Central Bank’s comprehensive assessment, whereas Fibank and Investbank face capital shortfalls
UniCredit Bulbank returns to take the lead in K10, the annual ranking of the leading banks in Bulgaria by Capital newspaper, largely thanks to a dividend sweetener in its profit
The positive outcome of ECB’s asset quality review of Bulgarian banks will be the real entry ticket
The European Central Bank will be conducting an assessment of six lenders starting in November
DSK Bank is set to buy Societe Generale Expressbank for close to 1.0 billion levs, or 1.3 times its capital, vying for the top spot in the sector in terms of assets.
The lack of high quality projects and rising prices cited as the principal reasons
After the sector shrunk by four banks in the last five years, at least two more sales and a merger are expected before year-end.
Narrowing margins, a result of negative interest rates and stringent regulations, make smaller banks less and less profitable
THE SALE IS THE BIGGEST NPL DEAL SO FAR, AS BULGARIAN BANKS CONTINUE TO CLEAN THEIR BALANCE SHEETS
UniCredit Bulbank leads Capital’s TOP 10 Banks ranking for a second year in a row
Belgium’s KBC acquires UBB, the fourth-largest lender in Bulgaria, for 610 million euro in the biggest bank merger in the southeast European country