, United Bulgarian Bank
(UBB) and Raiffeisenbank have been Bulgaria`s top commercial lenders in the second quarter of 2009, BNB
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.