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Bulgaria: Loan Portfolios Expected to Increase

Published: January 16, 2014; 15:29 · (Vindobona)

The increase in industrial production will have a positive effect on the number of loans taken out.

Bulgaria: Loan Portfolios Expected to Increase / Picture: © Flickr

Loan portfolios of Bulgarian banks will, according to Gianni Papa, CEO of UniCredit’s CEE division, Bank Austria, said at the Euromoney Conference of the banking sector in CEE held in Vienna. Papa pointed out that since the beginning of last year industrial production increased by five percent in most countries of this region.

According to Bank Austria’s CEO, the increase in…

This article includes a total of 134 words.

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