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
Despite legislation against such practices adopted in 2017 they continue uninterrupted
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