The COVID-19 Challenge and the Sustainability of the Bulgarian Banking Sector

Svilen Kolev – Association of Banks in Bulgaria, 97 Knyaz Boris I str., Sofia 1000, Bulgaria, University of National and World Economy, Sofia, Bulgaria

7th International Scientific ERAZ Conference – ERAZ 2021 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, Online/virtual, May 27, 2021

ERAZ Conference Proceedings are published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Economics and Business, Mediterranean University, Montenegro; University of National and World Economy – Sofia, Bulgaria; Faculty of Commercial and Business Studies – Celje, Slovenia; AMBIS University, Prague – Czech Republic; Faculty of Applied Management, Economics and Finance – Belgrade, Serbia

ERAZ Conference 2021 Conference Proceedings: ISBN 978-86-80194-46-2, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2021

Keywords:
Bank management;
Banking system;
Regulations

DOI: https://doi.org/10.31410/ERAZ.2021.43

Abstract: The paper examines the effects and the challenges posed by the COVID-19 pandemic on the banking sector in Bulgaria. The research describes the response from the global and European regulatory authorities. An emphasis is placed on the national regulatory measures and the condition of the banking system in Bulgaria. Financial soundness and sustainability indicators about the banks operating in Bulgaria on aggregate basis are analyzed. The recent developments regarding the position of the banking sector and lending dynamics are also viewed. Conclusions and a brief discussion about possible future challenges and prospects are made, in terms of a potential subsiding of COVID-19.

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ADDITIONAL READING

Kazandzhieva, I. (2019). Profitability and Efficiency of the Bulgarian Banks – Large, Medium-Sized and Small Banks, proceedings from 7th UBT International Conference on Management, Business and Economics, pp.153-158, publisher UBT

Trifonova, S., Atanasov, A., and Kolev, Sv. (2017). The Unconventional Monetary Policy of the World’s Leading Central Banks and its Effects on Developed and Developing Countries, including Bulgaria, Collective Monograph, Eudaimonia Production, Sofia (in Bulgarian)