The profit of the banking system in Bulgaria exceeded BGN 1 B, showed BNB data for August, reported BNR.
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The profit of the banking system for the first eight months of the year is BGN 300 M higher than for the same period of2015. The main reason is the decrease in expenditures on the devaluation of credits and payments.
Capital adequacy and liquidity remain at a very high level. BNB also reported a minimum growth of the credit portfolio.
Deposits also continue to grow in spite of decreasing interest rates.
– See more at: http://www.novinite.com/articles/176588/BNB%3A+Bulgarian+Banking+System+Profit+Exceeds+BGN+1+B#sthash.D67IT9O8.dpuf
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