Rising interest rates on consumer loans
Credits
Interest on consumer loans will increase by a few dollars a month after September BNB has introduced new measures to limit credit growth. He predicts the president of the Association of Banks in Bulgaria, Mr. Hampartzoumian said BNR September 1. From financial institutions must block 12% of deposits that have accumulated. We reserve the mandatory minimum is 8%. Mr. Hampartzoumian added that new restrictions could make it difficult, and some municipalities borrowed funds. To curb the growth of credit the central bank is ready to impose additional restrictions, said of his old quarter of the BNB Deputy Governor Dimitar Kostov. He noted that one of the measures to block the commercial banks to 15% of their deposits.