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DSK, UniCredit Bulbank Plan to Distribute Over 1 Billion Levs in Dividends
Most of the 3.4 billion levs (1.7 billion euro) profit reported by the banking sector for 2023 will be reinvested
The top ten owners of office buildings in Sofia
They own 600 thousand square meters of offices in Sofia or half of the total available 1.24 million square meters of class A areas in the capital.
Bulgaria’s Top 10 Banks in 2021
Capital Weekly ranks financial institutions in terms of stability, profitability and dynamics
KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal
KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK
When long-time leaders refuse to leave; the shortest-lived Parliament in a 100 years; tourists are welcome
K Insights 30/04: What do football and politics have in common, dubious court about to be disbanded
The economic future of Central and Eastern Europe: From smart followership to bold leadership
How can countries like Bulgaria avoid the "middle-income" trap
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 wipes out half of banks’ profit in 2020
Weak lending and COVID-19 measures are to blame. For a second year in a row, Bulgarian banks will skip dividend
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
Bulgaria finally enters the euro’s waiting room
The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB
ECB’s test: who failed and who passed
Four Bulgarian banks passed the European Central Bank’s comprehensive assessment, whereas Fibank and Investbank face capital shortfalls
Bulgaria’s euro bid moves a step closer
The positive outcome of ECB’s asset quality review of Bulgarian banks will be the real entry ticket
New stress tests for Bulgarian banks
The European Central Bank will be conducting an assessment of six lenders starting in November
Deals of 2018: Weak Season with Mostly Local Buyers
Ginka Varbakova, Ahmed Dogan, Brendo were the most active Bulgarians in the deals, as easterners replaced westerners
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.
Why Are Western Investors Leaving Bulgaria?
Big and established international companies are selling their Bulgarian assets to East European or local buyers.
Fast reads
The end of the Council of EU Presidency, the cabinet is already shaking, Desislava Ivancheva, the Bulgarian judiciary