The Board of the National Bank of Ukraine (NBU) has decided to keep its key policy rate at 15.5%. This will support the sustainability of the FX market and keep inflation expectations in check. “If threats to the sustainable decline in inflation toward the 5% target increase, the NBU will keep its key policy rate…
The Association of Banks in Bulgaria has issued a statement expressing unequivocal support for Bulgaria’s accession to the eurozone on January 1, 2026. In its message, the organization emphasizes that the country’s banking sector is already deeply integrated with the eurozone, paving the way for a smooth transition. The Association acknowledges the significant progress in…
Banking services in Bulgaria rank among the most accessible within the European Union, according to a detailed analysis by the Economic Analysis and Policy Department of the Association of Banks in Bulgaria (ABB). The study focuses on countries in Central and Eastern Europe (CEE) with similar territory, population and economic development levels, drawing several important…
The European Central Bank has fined SEB’s Baltic operations a total of EUR 1.24 million for failing to adequately address deficiencies in credit risk assessment practices, including a EUR 490,000 penalty for the bank’s Lithuanian branch. According to the ECB, internal models used by SEB banks in Estonia, Latvia and Lithuania for calculating the Margin…
Banks in Bulgaria have allocated a total of 400 million leva to prepare their systems for the transition to the euro, according to Petya Dimitrova, chairwoman of the Association of Commercial Banks. She highlighted the significant benefits that adopting the single currency would bring, including enhanced competitiveness, improved operational efficiency, better access to capital and…
The National Bank of Ukraine (NBU) has recorded a halt in the trend of decreasing interest rates on deposits and expects their further increase following the latest monetary policy decisions, the NBU Governor Andriy Pyshnyy has said. “The downward trend in deposit interest rates has stopped. Moreover, in January, we recorded a slight, but significant…
Bulgarian National Bank (BNB) Governor Dimitar Radev expressed support for the National Assembly’s decision regarding the request for an extraordinary convergence report on Bulgaria’s admission to the eurozone. Radev confirmed that the request would be signed “without a doubt”. He also commented on the recent controversy surrounding claims by the “Revival” party about a secret…