Bulgaria: Banking Sector Getting Back on Feet Again

Professional ServicesBanks ♦ Published: May 2, 2014; 17:05 ♦ (Vindobona)

In the first quarter this year profits of the Bulgarian banking sector grew by 34 percent.

Recovery in the finance industry in Bulgaria continues. / Picture: © Vindobona.org

As reported by Bulgarian daily “Presa”, the Bulgarian financial industry is getting back on its feet as recovery continues. In the first quarter of 2014 profits of the entire financial industry came at BGN 223.68m, compared to BGN 167.317 in the same period one year ago, the Bulgarian National Bank (BNB) stated.

As many as 19 banks improved their results on an annual…