Bulgarian banks have seen a significant growth in deposits over the last two months thanks to Greek and Romanian nationals, who rush to stash their savings here, officials and bankers say.
The deposits of foreign citizens and companies in local banks have increased by BGN 18 M and BGN 49 M respectively in June over the previous month, according to figures cited by 24 Hours daily.
“There has been recently a noticeable trend among Greek citizens and businesses, who prefer to open deposit accounts in Bulgarian banks,” stated Maria Ilieva, CEO of MKB Union Bank, the 12th largest bank by assets in the country.
UniCredit Bulbank officials also confirmed that recent months have witnessed an increase in deposits by Greeks and Romanians.
The Bulgarian bank’s stability and their more attractive interest rate policy are the main reasons for the interest of Greek and Romanian citizens and companies, according to the bankers.
(source: novinite)
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