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Bulgaria Bank System with Best Capitalization in EU
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The Bulgarian bank system has the best capitalization in the entire European Union (EU), according Ivan Iskrov, Manager of the Bulgarian National Bank (BNB).
Iskrov made the statement on Thursday before members of the Greek Business Council during a discussion about the effects of the global financial crisis in Bulgaria.
According to data from BNB until September of 2008, the credit institutions, operating in the country, have registered profits of BGN 1,1 B, which is 30% more compared to the same period of 2007. It is projected that the profits would reach a total of BGN 1,5 B by the end of the year.
Iskrov further stated that there was no need to recapitalize banks in Bulgaria similarly to the recapitalization taking place in Western Europe, because they were over capitalized. The problems created by the global financial crisis are not affecting the bank system in the country, but in the real business, Iskrov explained.
The BNB manager also pointed out that in the conditions of a long-lasting crisis, Bulgaria can expect deflation, increase of unemployment, low rate of salaries' increase, adding that Bulgaria was going to overcome these issues because the country possessed the best instrument - its membership in the International Monetary Fund.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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The rural perfection RUS8324
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 6900 EUR
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More than 12 500 sq.feet of Development land in Regulation - Ready to build - Bulgarian Property - RUS1591
Brief: Land for sale near Veliko Tarnovo
Area: 1200 sq.m.
Price: 12400 EUR
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A piece of Eden for sale near the sea MyBulgarian Property - RUS1540
Brief: Land for sale near Balchik
Area: 1800 sq.m.
Price: 70200 EUR
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The promissed land NEAR THE SEA Bulgarian Property - Regulated, READY to BUILD - RUS1541A
Brief: Land for sale near Varna
Area: 600 sq.m.
Price: 22900 EUR
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RUS1526
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 10900 EUR
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The centuries talk to you - Property in Bulgaria - RUS1237
Brief: Houses for sale near Ruse
Area: 120 sq.m.
Price: 16900 EUR
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Attention! Owner needed! My Bulgarian Property RBP25
Brief: Houses for sale near Ruse
Area: 50 sq.m.
Price: 5300 EUR
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Buy a new-built house, get an amazing nature park My Bulgarian Property RBP20
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 70000 EUR
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A piece of Bulgarian history and traditions My Bulgarian Property RBP18
Brief: Houses for sale near Ruse
Area: 90 sq.m.
Price: 7100 EUR
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Between the 2 amazing Bulgarian cities My Bulgarian Property RBP09
Brief: Houses for sale near Ruse
Area: 830 sq.m.
Price: 8900 EUR
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Get ready to fall in love - Bulgarian Property - RUS1259
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 63000 EUR
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Another astonishing offer for your business - Bulgarian Property - RUS1244
Brief: Restaurants & Bars for sale in Ruse
Area: 200 sq.m.
Price: 280000 EUR
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Another property for sale near Ruse Bulgarian Property - RUS 1280
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 6900 EUR
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The FOURTH from our six sea pearls RUS 1269D
Brief: Houses for sale near Varna
Area: 154 sq.m.
Price: 181200 EUR
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