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News
| Banks lend BGN 200 million for apartment flats |
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Wednesday, Apr 23, 2008 |
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Sofia. ‘Each month Bulgarian banks extend nearly BGN 200 million for home purchases, BNB statistics reveal. Bulgaria remains out of the sweeping force of global financial squeeze across the Atlantic and mortgage loans this year will score a growth pace of 30%’, UniCredit Bulbank’s Real Estate Financing department chief Martin Ginkov says.
‘The credit crunch served as a clear signal to banks in Bulgaria to embark in large numbers on raising their lending interest rates in order to curb their hectic growth. However, this year we’ll see a stable rise in mortgage lending’, the chairman of the Association of Commercial Banks in Bulgaria Levon Hampartsumyan comments. |
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Source:
Guide-Bulgaria.com
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