Sat, Feb 11 2012

113 Bulgarians with more than a million leva in loans - report

Thu, Jan 28 2010 11:16 CET 1398 Views 1 Comment
113 Bulgarians with more than a million leva in loans - report

Photo: Assen Tonev

Bulgarian companies and individuals who have taken out bank loans of more than one million leva came to 5282, Bulgarian-language daily 24 Chassa quoted Bulgarian National Bank (BNB) data on January 28 2010.

Of the 5282, 113 individuals had taken loans of more than a million leva. Collectively, they accounted for a total of 202 million leva in bank loans or an average of 1.78 million leva a person.

Companies accounted for 21.7 billion leva in loans, averaging 4.2 million leva a company.

The BNB data was from September 2009.

The number of individuals with loans of more then a million leva had increased four times in the last four years, from just 34 In 2006.

Over the summer or 2009, however, not a single loan of more than a million leva had been approved by banks.

In terms of deposits, 2171 companies and individuals had savings in excess of one million leva. Of these, 1822 were companies with a total of 6.9 billion leva in bank deposits.

Individuals with more than one million leva in bank savings came to 349, or an average of 2.3 million leva a person. On average, Bulgarians had around 2000 leva in their bank accounts, BNB data said.

  • Print
  • Send via email
  • Translate to
  • Share:

Comments

Anonymous peter Fri, Jan 29 2010 19:42 CET

"Individuals with more than one million leva in bank savings came to 349"

How many of these people made their money an honest way? How much they still own to the tax office?


To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Bulgarian banks to scrap pre-payment fee on consumer loans

Banks will be required to inform borrowers immediately of any changes to the annual interest rate before such changes come into effect. The new rules apply to loans ranging between 400 leva and 147 000 leva.

Number of mortgages given by Bulgarian banks increases

The total volume of mortgage loans given by Bulgarian banks increased in January 2010 as more deals were struck in small towns, according to estimates by credit consultants Credit Centre.

Bulgaria’s banks will end 2009 with 700 million leva profit – Iskrov

Loans that are non-performing and in arrears have increased this year, but the banking system is sufficiently well-capitalised and has solid ‘shock absorbers’ to cope, central Bulgarian National Bank Governor Ivan Iskrov says.

Lend and let live

Uncertain about what 2010 brings, Bulgarian banks are hoarding their cash and are more cautious than ever in giving new loans

Bulgaria central bank sees lending rise in 2010

Lending volumes in Bulgaria could begin to "increase slightly" at the start of 2010, the Bulgarian central bank said in its latest economic review quarterly report.

Banks, Government pool efforts to bring down lending rates

Bulgarian banks will put forward a set of measures for implementation by the Government, designed to improve market conditions and preparing the ground for a long-anticipated cut in lending rates.

Bulgarian banks write down 1.8B leva as losses in January-September

Loans written off as losses by Bulgarian banks rose to 1.843 billion leva in the first nine months of this year, central bank figures showed.

More in this category

Average monthly salary in Bulgaria rose in Q4 2011, statistics institute says

In the fourth quarter of 2011, the average monthly salary increased to 727 leva, 4.9 per cent higher than in Q3, the National Statistics Institute says.

Global food prices rebound, FAO says

For the first time in six months, global food prices rose overall in January 2012, the UN Food and Agricultural Organisation said.

Bulgaria mulls tighter regulation of bank fees - updated

The package will be discussed with the Association of Bulgarian Banks before the amendments are submitted to Parliament.

Bulgarian ICT Watch event in March

Debate at the half-day event will cover what has been achieved so far and what further can be done by the Bulgarian Government to support development of the market.

Movers and shakers

Selectivity, not popularity, is the driving force behind Sofia's most exclusive members' only club.

Appointments

British Council

British Council

Lyubov Kostova was appointed country manager of British Council Bulgaria effective January 1, replacing Tony Buckby, who left in October 2011 to take a similar position at British Council Greece. Kostova has been with British Council Bulgaria for 11 years, as public communications manager and, since 2008, as the head of project and partnerships department. Prior to joining the British Council, Kostova was head of international activities at the National Academy for Theatre and Cinema Arts (NATFIZ). She has a degree in Indian studies from Kliment Ohridski Sofia University.

CEZ

CEZ

Stefan Apostolov is the new chief executive of CEZ Razpredelenie Bulgaria, the power transmission subsidiary of Czech energy company CEZ in the country. He replaces interim chief executive Ales Damm, who remains the chairperson of the CEZ Razpredelenie management board. Apostolov has 30 years of experience in the energy sector, joining CEZ in 2007 as director of customer service and was later appointed as head of business development. Apostolov has a master's degree in electric systems from the Belorussian National Technical University in Minsc, management diplomas from Open University London and New Bulgarian University, as well as a master's degree in business administration from Plovdiv University.

BASF Bulgaria

BASF Bulgaria

Valentina Dikanska is the new general manager of chemical industry giant BASF subsidiary in Bulgaria, taking over from Herbert Fisch, BASF vice president for Southeastern Europe. Dikanska, who started her career as an expert in the Finance Ministry, joined BASF Bulgaria as director of finance and administration in 2002. She becomes the first Bulgarian to hold the top management position in the company in its 40-year history on the Bulgarian market. Dikanska holds a master's degree in economics from the University for National and World Economy in Sofia.

Rompetrol Bulgaria

Rompetrol Bulgaria

Alexander Albin has been appointed chief executive of fuel distributor Rompetrol Bulgaria, replacing Nichita Sorin, who left to become chief executive of Rompetrol Gaz in Romania. Albin was previously chief executive of Rompetrol Georgia. He has more than 15 years of experience in the oil and gas industry; prior to joining Romania's oil group Rompetrol in 2008 as an adviser, he oversaw operations at Atyrau refinery in Kazakhstan, owned by Rompetrol's parent company KazMunaiGaz. He previously held top management positions at two other leading Kazakh oil and gas companies.