#InvestEU: EIF and UniCredit entered into an agreement for 160 million for financing SMEs

UniCredit Bulbank will provide Bulgarian companies with 15 million euro under the programme.

The loans will be with preferential interest rates and reduced collateral.

Mortgage and consumer lending on the rise in 2016 in the context of a reviving housing market

Mortgage and consumer lending in Bulgaria were on the rise in 2016 in the context of a reviving housing market.

In 2016 deposits were continuously increasing, while deposit interest rates — were decreasing

In 2016 there was a continuing upward tendency for deposits to increase, which led to higher liquidity of the banking system. There was also a continuing decrease in interest rates influenced by the policy of the European Central Bank (ECB).

The financial instruments are already taking their true places

It is not the deposits that bring high profitability, but the investment in markets and insurance products

We are taking consumer loans for refinancing of old loans or for complementary payment for residential property more and more often

On the occasion of the 10th anniversary of its establishment the consumer lending company UniCredit Consumer Financing presents 10 trends on the consumer loans market since 2006 until today.

Levon Hampartzoumian: Bulgaria is learning from the mistakes of countries with more developed financial services

Bulgaria has got the privilege to learn from the mistakes of the countries with more developed financial services and to adopt the best services and technologies only

When is the right time to start teaching our children how to spend money?

How we should teach our children to be reasonable with their money without turning into narrow-minded parents who answer to every child's request for purchasing something new: "And do you know how much it costs?"

The decision of ECB leads to pressure on revenues in Bulgaria too

The decision of ECB for deeper negative interest rates on excess reserves will put pressure on the revenues of banks in the eurozone and in Bulgaria as well. The effect felt by Bulgarian banks will be even stronger for several reasons.

ECB will give up on negative interest rates on excess reserves long before that could turn into a serious burden on banks

With its decision of today, ECB has made yet another move towards lowering interest rates on commercial banks’ excess reserves. What does that mean regarding interest rates at which banks grant loans and attract deposits from households and companies in the eurozone, and how far can ECB go along the way of deeper negative rates?

From the series: “Finance for Non-Financiers” in the UniCredit Bulbank blog: Free courses offered by the world’s top universities are drawing to a close. Check out five not to miss

UniCredit Bulbank is pleased to share its own selection of still free courses on finance and personal budget management taught by distinguished and globally recognized scientists and professors.