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Foreign Banks Leaving Bulgarian Market
People ♦
Published: January 24, 2014; 09:29 ♦ (Vindobona)
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In the past three years three non-domestic banks have left the Bulgarian market.
Foreign Banks Leaving Bulgarian Market / Picture: © Vindobona.org
As reported by news agency Focus, the Bulgarian market has been getting smaller as non-domestic financial institutes have been withdrawing. Foreign banks are still dominant in Bulgaria as their total share comes at 70.1 percent as of the end of September last year; however, their share has decreased significantly from 80 percent before the outbreak of the financial crisis.
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