The Bulgarian Bank System is Stable

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The Bulgarian Bank System is Stable

Friday, Sep 19, 2008

Over 81% of Bulgarian banks are a property of stable European treasuries, who have no direct investments in the mortgage market in the USA and have not incurred losses.
This was announced by the manager of Bulgarian National Bank Ivan Iskrov.
According to him the mother-banks have continued to give financial resources to their Bulgarian branches. The Bulgarian banks have high credit standards, Iskrov pointed out.

Source: News.bg

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