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Foreign Banks Leaving Bulgarian Market

Published: January 24, 2014; 09:29 · (Vindobona)

In the past three years three non-domestic banks have left the Bulgarian market.

Foreign Banks Leaving Bulgarian Market / Picture: ©

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.

In the…

This article includes a total of 108 words.

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