/ world today news/ In one month, BGN 1.7 billion left the branches of foreign banks operating in our country. However, they were not withdrawn by citizens, but probably Greek government securities, bonds, etc. were sold. assets.
This is shown by data from the financial statements of the treasuries, which the BNB announced on Thursday, “24 chasa” reports. The resource was withdrawn from the banks in the so-called third group, where there are branches of the Greek Alfa Bank, Citibank Europe with headquarters in Ireland, the French BNP Paribas, the Dutch ING Bank and the Turkish Te-Ze Ziraat Bankas and ISHBANK AG.
Citizens withdrew only BGN 10.3 million from branches of foreign banks, while at the same time new BGN 13 million came in from insurance companies and pension funds. Thus, the net reduction of the amounts in the branches is BGN 1.6 billion.
How much of the nearly BGN 1.7 billion that left the foreign branches was redirected to the banks from the other two groups, will become clear in July, when the BNB announces its data on the quarterly reports.
Every month, the BNB divides the banks into three groups according to the data from their reports that they submit. The first one includes the top 5 by assets: UniCredit Bulbank, DSK Bank, First Investment Bank, United Bulgarian Bank and Raiffeisenbank. 54.69% of all deposits of citizens and companies are concentrated in them. According to the data, for only 1 month – May, the five largest banks attracted BGN 244 million in financial resources.
In the second group, where there are 17 vaults, are the remaining 40% of all savings. They attracted a total of BGN 53 million in the same month, according to the reports.
The third group includes only the branches of foreign banks that operate in our country. According to experts, the migration of money from them is the result of the measures of the BNB, which already in November 2014 recommended to all branches to stop deposits and close exposures to Greece. Therefore, on Monday, the central bank announced that all vaults operating in our country are clean of Greek risk.
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