The profit of banks in Bulgaria increased by nearly 30% at the end of August

The profit of the banking system in Bulgaria as of August 31 is BGN 889 million, which is by 29.7% (BGN 204 million) more than reported for the eight months of last year. . This year began with an increase in banks’ profits, while throughout 2020 credit institutions registered a decline in their financial performance, which was explained by weaker economic activity in the emergency situation due to the coronavirus pandemic.

The central bank calculates that the amount of accrued impairment charges on financial assets that are not reported under fair value in profit or loss at the end of August amounted to BGN 424 million. They are 13.7% (BGN 67 million) less than reported as of August 31, 2020

balance capital of the banking system compared to the end of July 2021 increased by BGN 81 million (0.5%) to BGN 16.3 billion with the contribution of the monthly increase of

Last month the assets of the banking system increased by 1 .1 billion (0.9%) to 131.7 billion
On a monthly basis On the basis of an increase was reported in loans and advances and other demand deposits, and a decrease – in debt securities (due to a decline mainly in the credit institutions sector) and in the position of other assets.

At the end of July, the share of cash, cash balances with central banks and other demand deposits in the structure of balance sheet assets increased from 16.7% to 17.1%, that of loans and advances remained at 63.5%, and that of securities portfolios decreased from 15.3% to 15.1%.

The ratio of

liquidity coverage at the end of last month was 292.1% (compared to 297.2% at the end of July).

The BNB reports that at the end of August the liquidity buffer was BGN 32.5 billion and the net outflows were BGN 11.1 billion (compared to BGN 32.2 billion and BGN 10.8 billion, respectively).

Total gross loans and advances in August increased by BGN 747 million (0.9%) to BGN 87.3 billion.

Receivables from credit institutions increased by BGN 428 million (3%) to BGN 14.5 billion, and the gross loan portfolio of the banking system increased by BGN 319 million (0, 4%) to BGN 72.7 billion.

loans to households increase (by BGN 369 million, 1.3%) and for other financial enterprises (by BGN 59 million, 1.2%). Loans to general government (by BGN 67 million, 7.3%) and to companies (by BGN 41 million, 0.1%) decreased

Deposits in the banking system at the end of August amounted to BGN 112.5 billion and increased by BGN 1.2 billion compared to July (

The savings of businesses (by BGN 667 million, 2%), of other financial enterprises increased (by BGN 525 million, 13.2%) ) and households (by BGN 114 million, 0.2%).

A decrease was reported in deposits of credit institutions (by BGN 93 million, 1.8%) and of general government (by BGN 14 million, 0.4%).

The total gross amount of approved loans and advances under the Procedure for deferral and settlement of receivables from banks and their subsidiaries – financial institutions, as of August 31 is BGN 9.032 billion, of which BGN 7.035 billion for enterprises and BGN 1.997 billion for households.

) Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Apple iPad (10.2-inch, Wi-Fi, 32GB) - Gold (Latest Model, 8th Generation) (Renewed)

(4440)

$162.00 (as of December 22, 2024 19:13 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Apple iPad 7th Gen 32GB, WiFi, Gold - MW762LL/A

(11153)

$145.00 (as of December 22, 2024 19:13 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

THEMEROL Stocking Stuffers for Teens Boys Gifts Ideas Teenage Boy Christmas Gift Him Hematite Bracelets Men 10 12 16 18 Years Old Valentines Day 18th Birthday Gifts Son Grandson Graduation Easter

(47)

$12.99 (as of December 22, 2024 19:33 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Wind and Truth: Book Five of the Stormlight Archive (The Stormlight Archive, 5)

(3881)

$24.09 (as of December 22, 2024 19:05 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)

Burt's Bees Lip Balm Stocking Stuffers, Moisturizing Lip Care Christmas Gifts, Original Beeswax with Vitamin E & Peppermint Oil, Natural Origin Lip Care (4-Pack)

(90942)

$10.28 (as of December 22, 2024 19:33 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)