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UniCredit Bulbank, UBB and Raiffeisenbank - top commercial lenders in Q2 of 2009

Article published from Focus Agency on 2009-08-18 07:00:00
Category: Finances in Bulgaria

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.
Source of the article Focus Agency
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