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Nickolay Stoyanov

Sofiya

Editor, Economedia at Капитал

Journalist at Capital Weekly, Bulgaria. Covering banks, finance and other scams. Opinions are all mine but you can have them for free.

Featured in: Favicon capital.bg

Articles

  • 1 month ago | kinsights.capital.bg | Nickolay Stoyanov

    The 8% profit growth reported by the banking sector to 3.7 billion levs in 2024, which is a new record in nominal terms, testifies to the robustness of the financial system. It's also an important marker when set against the backdrop of the global trade turmoil that is eroding growth potential and even threatening to bring a global recession.

  • 1 month ago | kinsights.capital.bg | Nickolay Stoyanov

    One of the most aggressively growing Bulgarian banks in recent years, TBI Bank, is likely to have a new owner soon, according to a stock exchange announcement by the consumer lending specialist 4finance Holding S.A. that has signed a definitive sale agreement with venture capital fund Advent International.

  • 2 months ago | kinsights.capital.bg | Nickolay Stoyanov

    The banking sector reported a record profit of BGN 3.7 billion for 2024, but 2023's peak of BGN 1.1 billion in dividends distributed would not fall. That, at least, is what the plans of the country's biggest financial institutions suggest before their annual shareholder meetings, where this is decided.

  • Feb 20, 2025 | kinsights.capital.bg | Nickolay Stoyanov

    By the end of February Bulgaria will formally request the preparation of extraordinary convergence reports by the European Commission (EC) and the European Central Bank (ECB). This was announced by the Finance Ministry on Monday after Minister Temenuzhka Petkova presented to the Eurogroup the country's progress on its path towards euro adoption.

  • Feb 12, 2025 | kinsights.capital.bg | Nickolay Stoyanov

    Expanding loan portfolios are the main driver of the 8% profit growth. Banks that are part of international groups now pay a 15% corporate tax rate, bringing total contributions for 2024 to 568 million levs, up from nearly 350 million levs in 2023. Intensifying race for market share, especially in corporate lending, could put pressure on profitability in 2025.

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