Bulgaria C-Bank Dues and Equity Rise 4.1% M/M to 3.6 Bln Euro at End-Aug

Bulgaria C-Bank Dues and Equity Rise 4.1% M/M to 3.6 Bln Euro at End-Aug

The liabilities and equity of the Bulgarian National Bank's (BNB) Banking Department totalled 6.981 billion levs ($4.538 billion/3.569 billion euro) at the end of August, 4.1% higher on the month, BNB figures showed.

Bulgaria is operating an IMF-prescribed restrictive monetary mechanism called a currency board system that pegs the lev at a fixed exchange rate to the euro and bans the BNB from lending to the government. The Banking Department can be a lender of last resort to local commercial banks but only to ward off systemic risk.

 

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.