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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

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.

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

More and more united
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
