“The Bulgarian banks do not have a single penny or dollar invested in risky financial instruments, like the ones, which caused the financial crisis in USA,” the Governor of BNB Ivan Isrkov said, Trud Daily reported. Iskrov together with the Head of the Association of Banks in Bulgaria – Violina Marinova, explained that the banks in Bulgaria are not investment banks, but are commercial banks. According to Iskrov, that was why the banking systems in the region are stable, but he said that a slowing down of the growth rates of the economies was possible.
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The Bulgarian banks do not have risky financial instruments", FOCUS Information Agency.
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