The decision of ECB leads to pressure on revenues in Bulgaria too
The decision of ECB for deeper negative interest rates on excess reserves will put pressure on the revenues of banks in the eurozone and in Bulgaria as well. The effect felt by Bulgarian banks will be even stronger for several reasons.
ECB will give up on negative interest rates on excess reserves long before that could turn into a serious burden on banks
With its decision of today, ECB has made yet another move towards lowering interest rates on commercial banks’ excess reserves. What does that mean regarding interest rates at which banks grant loans and attract deposits from households and companies in the eurozone, and how far can ECB go along the way of deeper negative rates?
From the series: “Finance for Non-Financiers” in the UniCredit Bulbank blog: Free courses offered by the world’s top universities are drawing to a close. Check out five not to miss
UniCredit Bulbank is pleased to share its own selection of still free courses on finance and personal budget management taught by distinguished and globally recognized scientists and professors.
Information about registered OTC deal with shares of the public company SPARKY ELTOS AD
UniCredit Bulbank, acting as registration agent, registered OTC deal with shares of the public company SPARKY ELTOS AD
CEE Banking Study 2016: A more sustainable growth model is moving forward
• Most CEE economies showed strong economic growth in 2015 and proved more resilient towards shifts in investors´ sentiment with regards to emerging markets
• Overall banking sector profitability is normalizing on a new post-crisis level, still double the one of Western Europe
• Growing relian…
Finance for the non-experts: practical ideas for smart money management
Since January, traditionally a month for evaluations and new resolutions, the Bank has focused its efforts on providing useful information in plain language.
Information about registered OTC deal with shares of the public company LYXOR UCITS ETF DAILY DOUBLE
Unicredit Bulbank, acting as registration agent, registered OTC deal with shares of the public company LYXOR UCITS ETF DAILY DOUBLE.
Highlights from the visit of Levon Hampartzoumian to the national TV show “The day starts with Georgi Lyubenov”: There is a dynamic turnover of money in Bulgaria
The loans to deposits ratio is around 90%. This means that 90% of deposits have been given as loans to citizens and companies.
Highlights of Levon Hampartzoumian’s appearance on Nova TV’s morning broadcast: Ask the bank or an external expert, recommends the banker
If someone does not fully understand a contract or an agreement related to the use of a certain financial service, I strongly recommend that he/she always asks the bank which provides the said service. If the answer is not satisfactory, he/she should also ask for the opinion of another expert.
2015 Youth Economic Forum in the University of National and World Economy (UNWE) -Levon Hampartzoumian: Don’t give in to temporary “advantages” from participation in corruption schemes, because good reputation pays off a lot more in the long run
Bulgaria’s economy grows with about 2% every year. This growth is felt only by the most economically active people in the country, those who have a well-developed business, a good job and a good salary, Hampartzoumian said.