摘要：Despite the deepening negative trends, caused by the financial crisis in a number of EU Member
States, end-September 2008 data indicate that the banking system in Bulgaria stayed stable, adequately
capitalized and with sufficient liquidity. However, within the review period (mostly in September) credit
institutions in Bulgaria started reorganizing their activity which resulted in further rises in prices of domestic
market resources, changes in interest rates on loans and overall tightening of credit standards. This, in
turn, affected the decline in the growth rate of loans.
By 30 September banking sector total assets came to BGN 69.3 billion: an increase of 5.5 per cent
(BGN 3.6 billion) on June 2008. Compared with September 2007, the increase comprised 33.6 per
cent (BGN 17.4 billion), while the annual rate was similar to that reported in the period between September
2006 and September 2007. During the third quarter of 2008 loans and advances, cash and financial
assets available for sale registered the largest absolute growth. Loans and advances reached
78.9 per cent of the banking system assets, cash 10.6 per cent (against 10.8 per cent as of June 2008)
and securities portfolios 7.8 per cent.
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