Bulgaria's National Bank (BNB) will implement new measures to limit the credit growth in the country
Published:
19 November 2004 y., Friday
Bulgaria's National Bank (BNB) will implement new measures to limit the credit growth in the country.
Because of the increasing credit growth in the country BNB voted on Thursday some reforms into the regulations for the banks minimal reserves.
The newly adopted measures aim to unify the amount of the minimal bank reserves to 8% for all kinds of debt capital of the deposit base of the commercial banks.
The new measures will be valid as of December 6, 2004.
The upward tendency in crediting in Bulgaria remained unchanged over the few months, BNB data shows. In October alone crediting in Bulgaria went up by BNG 420 M. The survey also shows that private sector crediting also kept its rising tendency for a 27th month in a row.
An October survey of Bank Austria Creditanstalt showed that Bulgaria took the lead in credit growth among countries in Central and East Europe, according to a survey. Over the last three years, bank credits in Bulgaria marked a 49% increase. Meanwhile, the average percentage for CEE was 15%.
Šaltinis:
novinite.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
According to the data presented by the Ministry of Finance, in end-January central government debt made up LTL26, 310.8 million or 28% of projected GDP for 2010 (LTL 93, 819 million).
more »
As far as countries affected by the economic crisis, China fared extremely well.
more »
The European Commission has authorised today a Slovak scheme with a budget of approximately €3.32 million which aims at supporting farmers in Slovakia who encounter difficulties as a result of the current economic crisis.
more »
Commission sets out a 10-year strategy for reviving the European economy, casting a vision of ‘smart, sustainable, inclusive' growth rooted in greater coordination of national and European policy.
more »
The European Commission has launched today the Europe 2020 Strategy to go out of the crisis and prepare EU economy for the next decade. The Commission identifies three key drivers for growth, to be implemented through concrete actions at EU and national levels.
more »
Launching of the “SCHOOLS’ initiative for innovation and changes” Grant scheme.
more »
EU Member States must not only deliver on their international aid pledges, but also bring in a financial transactions tax and a temporary debt moratorium, to help developing countries to cope with the effects of the global financial and economic crisis, said the Development Committee on Monday.
more »
The EBRD is increasing its commitments to promote sustainable energy projects in Slovakia with a new €90 million funding under the existing Slovakia Sustainable Energy Finance Facility (SLOVSEFF) to ensure continuous implementation of energy efficiency and small renewable energy projects.
more »
According to the unaudited data, in 2009 AB Bank SNORAS earned LTL 8.7 million profit. The bank’s assets grew by 11 per cent up to LTL 6.342 billion during 2009 and were by LTL 647.8 million larger than at the beginning of 2009.
more »
Aviation security measures that go beyond common EU requirements should be paid for by Member States, not by passengers, said Transport Committee MEPs in a vote on Monday that could put Parliament on a collision course with the Council of Ministers.
more »