Bulgarian National Bank

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Bulgarian National Bank


the central state bank of the People’s Republic of Bulgaria, acting as the country’s bank of issue and credit center. It was organized in December 1947 on the basis of the former National Bank of Bulgaria, a bank of issue created in 1879. The Bulgarian National Bank holds money of the state, budget institutions, banks, and other financial and credit agencies of the country that is not immediately needed. It regulates monetary circulation, exercises control over the expenditure of the wage fund and the cash fulfillment of the state budget, determines the exchange rate of foreign currencies in Bulgarian leva, buys and sells foreign currency, and purchases precious metals and other currency valuables. It participates in drawing up the unified plan for the country’s socioeconomic development, the consolidated financial and currency plans, and the balance of the income and expenditures of the population, as well as in formulating a unified credit and cash plan for the country. In 1947 the functions of nationalized private banks passed over to the Bulgarian National Bank. Until April 1969, in the regulation of monetary circulation in the country, the bank provided credit and financing for associations, enterprises, and economic bodies and exercised control over capital investments. In April 1969 these functions were turned over to newly organized specialized banks: the Bulgarian Industrial Bank and the Bulgarian Farming and Commercial Bank. These banks perform their activities in localities through offices of the Bulgarian National Bank.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
research "was published on the website of the Bulgarian National Bank," the embassy said.
Household deposits increased by BGN 4 B on the year in February 2013, according to reports of Bulgarian National Bank (BNB).
Bulgarian National Bank statistics from 2008 say that average interest rates were 8.83 per cent for euro-denominated mortgages and 7.78per cent for mortgages in leva.
Bulgariaas balance of trade until November 2018 is negative, and stands at 167.2 million euro, with a deficit of 119.5 million euro for November 2017, the Bulgarian National Bank says, quoted by the Bulgarian National Radio.
The Sofia City Court has approved a request from the prosecutor's office to suspend Tsvetan Gounev, deputy governor of the Bulgarian National Bank (BNB).
Foreign direct investment in Bulgaria in the period January - November 2012 amounted to EUR 1399.4 million (3.5% of GDP), compared to EUR 1215.8 million (3.2% of GDP) for January - November 2011, according to preliminary data of the Bulgarian National Bank (BNB).The attracted Equity Capital (acquisition/disposal of shares and equities in cash and contributions in kind by non-residents in/from the capital and reserves of Bulgarian enterprises and receipts/payments from/for real estate deals in the country) for January - November 2012 amounted to EUR 833.5 million, including EUR 28.2 million from privatisation deals.
The combined profit of Bulgarian banks fell by 12.2 million leva to 157.3 million leva in the first quarter of 2011 compared with a year earlier, the latest figures of the Bulgarian National Bank (BNB) showed.
SOFIA (Bulgaria), August 21 (SeeNews) - The assets of resident investment funds in Bulgaria increased by an annual 17.6% to 1.37 billion levs ($805.8 million/700.5 million euro) at the end of June, the Bulgarian National Bank (BNB) said on Tuesday.
Prime minister, Boyko Borisov, wrote on his Facebook page, 'We have always said that the governor of the Bulgarian National Bank, Ivan Iskrov, should resign, and I am far from thinking of finding a safe haven for him.
Before joining CiBank, Andronov worked at the Bulgarian National Bank, where he was last the director of the bank supervision department.
SOFIA (Bulgaria), August 15 (SeeNews) - Bulgarian leasing companies' claims under financial and operational leases have increased by an annual 11.1% to 3.86 billion levs ($2.2 billion/1.85 billion euro) at the end of June, the Bulgarian National Bank (BNB) said on Wednesday.

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