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Bulgaria: Banks Have More Assets at Disposal

Published: November 6, 2013; 13:04 · (Vindobona)

With more money available, banks in Bulgaria are now able to grant more loans.

Bulgaria: Banks Have More Assets at Disposal / Picture: © Flickr

As reported by Standart daily, after amendmends of the Credit Institution Act by the Bulgarian Finance Ministry, demanding capital requirements as high as 12 percent, were removed banks now have more assets at their disposal. This will allow financial institutes to grant more loans again.

As the regulations by the European Union require an eight-percent core capital, the measure…

This article includes a total of 107 words.

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