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KBC expanding into Bulgaria’s pension insurance market
The Belgian group is acquiring Dutch-based NN’s Bulgarian businesses for 77.7 mln euro
Coronavirus puts pressure on Bulgarian banks
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
The pressure below surface
Bulgarian banks remained profitable in the first three quarters of 2020 despite the coronavirus impact but with the expiry of the credit moratorium drawing nearer pressure will likely increase on profit margins in the coming months
What a waste
A large-scale Bulgarian business with international reach comes under unexpected attack from the prosecution
TOP30 of Bulgaria’s construction companies: Riding on the highway of public contracts
The sector has achieved significant revenue growth mostly stemming from government contracts for infrastructure projects, but also because of a revival in the real estate market
Bulgaria’s c-bank urges greater caution in lending
For the first time, the regulator warns of potential risks for Bulgarian banks associated with the ECB's asset quality review
TV masters and puppets
Bulgarian businessman Kiril Domuschiev is buying Nova TV in a purchase that will tighten the media grip of the ruling GERB party
New billion-lev deal in Bulgaria’s banking sector
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.
Bulgaria’s rocky path to the euro
Sofia received a formal promise to join the euro, but it will need to follow a longer procedure in comparison with earlier applicants
Accelerator for Bank Mergers
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.
You’ll be sold if you are small or deficient
Narrowing margins, a result of negative interest rates and stringent regulations, make smaller banks less and less profitable
UBB SELLS RECORD NPL PORTFOLIO TO EOS MATRIX
THE SALE IS THE BIGGEST NPL DEAL SO FAR, AS BULGARIAN BANKS CONTINUE TO CLEAN THEIR BALANCE SHEETS
Pension funds keep investing in related parties
Despite legislation against such practices adopted in 2017 they continue uninterrupted
Bulgaria’s best banks
UniCredit Bulbank leads Capital’s TOP 10 Banks ranking for a second year in a row
