Bulgarian banks register a 1 billion profit
1 billion leva profit have registered the Bulgarian banks for the first 8 months of the year, announced the manager of Bulgarian National Bank (BNB) Ivan Iskrov. He supposed that by the end of the year the sum would reach 1.5 billion leva.
вЂThe behaviour of our banks shows that it would rather not be shared out as dividends’, added he. According to him Bulgarian banks usually capitalise their profit which allows them to grow and develop calmly.
вЂTheir liquidity is quite large. The markets in the area are functioning as normal. The banks are working calmly’, assured Iskrov on occasion of the financial crisis in the US and Europe.
вЂNon-served credits still remain at a very low level вЂ“ about 2%. After the bank crisis in 1997 BNB has executed some extremely serious supervision requirements.’