Publication:
Financial Sector Assessment : Bulgaria

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-10-01T15:27:21Z
dc.date.available2013-10-01T15:27:21Z
dc.date.issued2002-12
dc.description.abstractThis Financial Sector Assessment (FSA) summarizes the Financial Sector Assessment Program (FSAP) findings for Bulgaria, and reports on the actions of the government and the Bulgarian National Bank (BNB) to date in response to the FSAP recommendations. The FSAP mission visited Sofia during the period October 29 to November 14, 2001. The Bulgaria FSAP took place after five years of aggressive financial reforms in response to the deep economic and financial crisis of 1996-97. After the collapse of the banking system and establishment of the Currency Board Arrangement (CBA) in July 1997, the government and the BNB pursued structural and institutional reforms in both the enterprise and banking sectors, including the privatization of about 85 percent of the banking system assets, mainly to foreign financial institutions, and the upgrading of banking supervision capabilities at the BNB. The FSAP mission occurred at a time when the banking system had stabilized, but financial intermediation remained low compared to the more advanced transition economies. In addition to the assessments of compliance with standards and codes, the Bulgaria mission focused on addressing the constraints to lending and advising the BNB on how to ensure that an expansion of bank lending does not jeopardize the gains in financial stabilization. The FSAP findings were major inputs to the medium term program to be supported by the Programmatic Adjustment Loans (PALS).en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/12/17861738/bulgaria-financial-sector-assessment
dc.identifier.doi10.1596/15947
dc.identifier.urihttps://hdl.handle.net/10986/15947
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNT HOLDERS
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRACTICES
dc.subjectACCOUNTING STANDARDS
dc.subjectADJUSTMENT LOANS
dc.subjectAGRICULTURAL CREDIT
dc.subjectASSET QUALITY
dc.subjectASSETS RATIO
dc.subjectAUDITING
dc.subjectBANK ACCOUNT
dc.subjectBANK ASSETS
dc.subjectBANK DEPOSITS
dc.subjectBANK INTERMEDIATION
dc.subjectBANK LENDING
dc.subjectBANK LOANS
dc.subjectBANK MARKET
dc.subjectBANK PROFITABILITY
dc.subjectBANK SUPERVISION
dc.subjectBANKING ASSETS
dc.subjectBANKING LAW
dc.subjectBANKING MARKET
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTORS
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBANKING SYSTEM ASSETS
dc.subjectBANKRUPTCY
dc.subjectBANKRUPTCY LAW
dc.subjectBONDS
dc.subjectBROKER
dc.subjectBROKERS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL ADEQUACY RATIOS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL DEPOSITORY
dc.subjectCIVIL PROCEDURE
dc.subjectCLASSIFIED LOANS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CODE
dc.subjectCOMMERCIAL LAW
dc.subjectCOMPANY LAW
dc.subjectCONNECTED LENDING
dc.subjectCONSOLIDATED SUPERVISION
dc.subjectCONSOLIDATION
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE INSOLVENCY
dc.subjectCORPORATE OWNERSHIP
dc.subjectCOURT ACTION
dc.subjectCREDIT ALLOCATION
dc.subjectCREDIT RISK
dc.subjectCREDIT SOURCES
dc.subjectCREDIT UNIONS
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENCY BOARD
dc.subjectCURRENCY BOARD ARRANGEMENT
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT LEVELS
dc.subjectDEFAULTS
dc.subjectDEPOSIT
dc.subjectDEPOSIT GUARANTEE
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSIT INSURANCE FUND
dc.subjectDEPOSIT INSURANCE SYSTEM
dc.subjectDEPOSITOR
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDISSOLUTION
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC CURRENCY
dc.subjectECONOMIC REFORMS
dc.subjectEQUIPMENT
dc.subjectEUROBOND
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectFIDUCIARY RESPONSIBILITY
dc.subjectFINANCIAL ACCOUNTS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL LEASING
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STRUCTURES
dc.subjectFINANCIAL TRANSACTIONS
dc.subjectFISCAL POLICY
dc.subjectFORECLOSURE
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE EXPOSURE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN FINANCIAL INSTITUTIONS
dc.subjectFUND MANAGERS
dc.subjectGENERAL INSOLVENCY LEGISLATION
dc.subjectGENERAL SHAREHOLDER
dc.subjectGOVERNMENT ACCOUNTS
dc.subjectGOVERNMENT BUDGET
dc.subjectGROSS SETTLEMENT
dc.subjectHOLDING
dc.subjectHUMAN RESOURCES
dc.subjectINCOME RECOGNITION
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFORMAL CREDIT
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFORMATION SYSTEMS
dc.subjectINSOLVENT
dc.subjectINSOLVENT BANKS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINSURANCE COMPANY
dc.subjectINSURANCE CORPORATIONS
dc.subjectINSURANCE INDUSTRY
dc.subjectINSURANCE PENETRATION
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL ACCOUNTING
dc.subjectINTERNATIONAL ACCOUNTING STANDARDS
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTOR CONFIDENCE
dc.subjectJUDICIAL PROCEDURES
dc.subjectJUDICIAL REFORM
dc.subjectLAWS
dc.subjectLEGAL OBLIGATION
dc.subjectLEGISLATION
dc.subjectLIFE INSURANCE
dc.subjectLIFE INSURANCE COMPANIES
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY RATIO
dc.subjectLIQUIDITY RATIOS
dc.subjectLIQUIDITY SUPPORT
dc.subjectLOAN
dc.subjectLOAN CLASSIFICATION
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET ECONOMY
dc.subjectMARKET SHARE
dc.subjectMARKET TURNOVER
dc.subjectMARKETABLE ASSETS
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDER PROTECTION
dc.subjectMINORITY SHAREHOLDER RIGHTS
dc.subjectMINORITY SHAREHOLDERS
dc.subjectNATIONAL BANK
dc.subjectNATIONAL SECURITIES
dc.subjectOIL PRICES
dc.subjectOPERATIONAL RISK
dc.subjectPAYMENT FLOWS
dc.subjectPAYMENT SYSTEM
dc.subjectPAYMENT SYSTEMS
dc.subjectPAYMENTS SYSTEMS
dc.subjectPENSION
dc.subjectPENSION FUND
dc.subjectPENSION FUNDS
dc.subjectPENSION REFORM
dc.subjectPERSONAL INCOME
dc.subjectPERSONAL INCOME TAXES
dc.subjectPLEDGES
dc.subjectPRIVATE BANKS
dc.subjectPRIVATIZATION
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC OFFERING
dc.subjectRATE OF RETURN
dc.subjectRATES OF RETURN
dc.subjectREGULATORY FRAMEWORK
dc.subjectRESERVE
dc.subjectRESERVE ACCOUNTS
dc.subjectRESERVE BANK
dc.subjectRESERVE BANK OF INDIA
dc.subjectRESERVE REQUIREMENT
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK EXPOSURES
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectSAVINGS
dc.subjectSAVINGS BANK
dc.subjectSECURITIES
dc.subjectSECURITIES REGULATION
dc.subjectSETTLEMENT
dc.subjectSETTLEMENT OF TRANSACTIONS
dc.subjectSETTLEMENT PERIOD
dc.subjectSHAREHOLDERS
dc.subjectSOLVENCY
dc.subjectSTATE ENTERPRISES
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSTOCKS
dc.subjectSTRATEGIC INVESTORS
dc.subjectSUBSIDIARIES
dc.subjectSURPLUS LIQUIDITY
dc.subjectTAX
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTERRORISM
dc.subjectTRADING
dc.subjectTRADING SYSTEM
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTRUSTEES
dc.subjectVALUATION
dc.titleFinancial Sector Assessment : Bulgariaen
dspace.entity.typePublication
okr.date.disclosure2013-06-14
okr.date.doiregistration2025-05-07T10:59:28.015584Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2002/12/17861738/bulgaria-financial-sector-assessment
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid416471468214826898
okr.identifier.externaldocumentum000445729_20130614115953
okr.identifier.internaldocumentum17861738
okr.identifier.report78427
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/14/000445729_20130614115953/Rendered/PDF/784270ESW0Bulg0Box0377345B00PUBLIC0.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.themeRule of law :: Legal institutions for a market economy
okr.themeFinancial and private sector development :: Regulation and competition policy
okr.themeFinancial and private sector development :: Standards and financial reporting
okr.themeFinancial and private sector development :: Other financial and private sector development
okr.themeTrade and integration :: International financial architecture
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitFinancial Sector Assessment Prog (FFSFP)
okr.volume1 of 1
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