Wed, May 22 2013
Borrowers will enjoy a higher level of protection through robust rules concerning advertising, pre-contractual information, advice, creditworthiness assessment, and early repayment, the European Commission said on March 31 2011.
In a consolidated half-year financial report on its website, UniCredit Group said 'as a market leader in Bulgaria, UniCredit Bulbank has total assets of 5.7 billion euro. Customer deposits grew by 4.1 per cent year-on-year to 3.4 billion euro, mainly driven by growth in retail deposits'.
The interest rates on Bulgaria’s housing mortgages have increased for both lev and euro currencies in June 2010, according to the latest Bulgarian National Bank figures.
Proposed regulations in the EU and US seek to curtail the influence of credit rating agencies, but will the new rules have any impact on one of the most entrenched sectors of the financial industry?
The number of defaulting debtors was increasing and banks were said to be in no mood to become real estate agents.
The total volume of mortgage loans given by Bulgarian banks increased in January 2010 as more deals were struck in small towns, according to estimates by credit consultants Credit Centre.
Worst is over for Bulgaria's property market after three years of decline, reports by Yavlena and Bulgarian Properties real estate firms claim.
Draft law envisages professional association for real estate agents and a public register of real estate companies to bring order to the business and get rid of rogues and rip-off artists.
Landmark Centre Varna’s financial reports show its largest debt is an investment loan of 6.9 million euro issued by Eurobank EFG Bulgaria in mid-2008 and secured with a mortgage.
Average market prices of homes in Sofia fell by one per cent in the fourth quarter of 2011 compared to the same period of 2010, according to the Raiffeisen Real Estate Index, as quoted by Klasa daily.
Proportionately, the number of transactions in leva increased as people reacted to speculation that the euro would disappear.