Do the banks become stronger after the consolidation? Are there serious problems in the merger process?
They are definitely becoming more adequate from the point of view of the market and the development of banking services. Until now, consolidation in the banking sector has been smooth. I hope that this continues in the future.
In 2023, the profits of banks in Bulgaria have a new record – BGN 3.4 billion, which is 64% annual growth. What is the reason for this? Without commenting to accept it?
When a business wins, the explanation is usually that it works well. This also applies to our banking sector, which is well capitalized and highly liquid, with the growth in profits for last year due to a crucial degree in their core business. As in any business, conjunctural factors also have an impact. This is well realized in the banking sector, which largely uses profits to further improve its capital buffers. Otherwise, all professional comments on the subject are welcome.
