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Banks in Bulgaria No 1 in Europe

Date: 18.07.2011

The Bulgarian branches of the foreign banks boast the best capitalization rates - over 17 % as by the middle of this year. This is significantly over the required 8 % in the stress tests of the European banks, Bulgaria’s Finmin Simeon Djankov stated in parliament.
Minister Djankov answered a question about possible negative consequences to the Greek banks in Bulgaria following the crisis in Greece.

“The liquidity of the banks in Bulgaria is over 23 % and this clearly shows that Bulgaria is No 1 as regards this index in the whole EU, Minister Djankov underlined.

“The basic indices of the banks in Bulgarian as regards capital and liquidity are much better in the middle of 2011 than at the end of 2008,” Minister Djankov also stated.

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