Bulgaria: Bad Loans Declining

Professional Services › Banks ♦ Published: August 25, 2012; 13:56 ♦ (Vindobona)

Contrary to the trend in Southeastern Europe, the Bulgarian banking sector records a substantial relief.

Bulgaria: Bad Loans Declining / Picture: © Vindobona.org

In the last months, the share of bad loans declined slightly. However, Bulgaria still records a remarkably high bad loan quota. In June, the share of bad loans was down to 23.55% after 23.65% in May. In July, the bad loan quota came at 23.41%. Since April, the number of accurately serviced loans is increasing.

This year, Bulgaria´s economy is expected to grow by 0.5% after a…

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