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News: Bulgaria>> UniCredit Bulbank, UBB and Raiffeisenbank - top commercial lenders in Q2 of 2009
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UniCredit Bulbank, UBB and Raiffeisenbank - top commercial lenders in Q2 of 2009
Finances: Tuesday, 2009-08-18 07:00
Article by: Focus Agency
UniCredit Bulbank, United Bulgarian Bank (UBB) and Raiffeisenbank have been Bulgaria`s top commercial lenders in the second quarter of 2009, BNB data shows.
The three financial institutions have approved corporate loans up BGN 81, 204, 000 (0.25%) on the previous quarter as a result of the changes in demand, bank`s financing requirements and their more conservative approach in decision making on the matter.
Most frequently, cash-strapped small-scale entrepreneurs have been going for mortgage loans for private use instead of commercial debts. The reason - mortgage loans come with longer repayment terms and much more affordable monthly installments than commercial debts.
Scope: Bulgaria
More: news bank loans; news mortgage loans;
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news
- Shumen-based Carlsberg brewery starts again after temporary winter break
- Colossal project for extraction and processing of gold containing ores near Breznik
- Shumen municipality may terminate contarct with Israeli company for heating utility Toplofikatsia Shumen EAD
- Bulgarian ski resort operator Pamporovo raises its capital to BGN 1.61 million
- BG Parliament accepted the resignation of Prime Minister Boyko Borisov and his Cabinet
- SMS alert service notifies for any change in ownership of own property in the National Land Registry
- Vinprom Peshtera JSC is amomg the largest taxpayers in Bulgaria
- The government terminated concession contract for the sea beach Shkorpilovtsi - north
- The average monthly salary in Bulgaria - near EUR 415 for December 2013
- ABB Group reorders its organizational structure - merged units in Varna, Sevlievo and Rakovski
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