Bulgarian Banks Financed with EUR 193 M from Abroad

Bulgarian Banks Financed with EUR 193 M from Abroad

According to recent information of the national bank, commercial banks in Bulgaria have drawn loans in the amount of 193.3 million euros from their mother companies at the end of Q2 2011. As a result, the country's net foreign debt has increased by 78.5 million euros up to 36.2 billion euros.

Still, over the past twelve months the foreign debts of the commercial banks in Bulgaria have decreased by 753 million euros year-on-year, owing to executed payments on their loans. However, Bulgarian daughter banks received a financing injection in the amount of 63.6 million euros from their mother companies in May 2011. (Standart News)

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