/ world today news/ Bankers are considering a scheme through which people with guaranteed deposits in KTB and TB Victoria will receive their money immediately in the form of a loan.
The two largest banks in our country – UniCredit Bulbank and DSK Bank – are interested in granting similar low-interest loans. They will be secured by the guaranteed deposits in KTB and TB Victoria.
For now, the idea, which enjoys the support of the BNB, is at the research and drilling stage.
BNB daily sends answers to dozens of depositors in KTB with blocked funds for urgent needs such as treatment, maintenance, etc., to withdraw a loan from another bank, secured by their guaranteed deposit in the treasury under supervision. So far, no such loan has actually been granted, although some bankers are showing interest.
“It is very likely that we will make a similar product. However, we are still legally clarifying how it can be realized, so that we can be sure that the collateral for such a loan will really be guaranteed,” commented the CEO of UniCredit Bulbank, Levon Hampartzumyan. He added that his colleagues are working to assess possible risks. In any case, such loans would not be expensive, Hampartzumyan pointed out.
“Our bank would be interested in such a scheme, if the BNB presents more information about the details of the implementation,” stated the chief executive officer of DSK Bank, Violina Marinova.
“Such a decision is possible, but prior information is needed from the custodians both about their willingness to certify that a given deposit is indeed guaranteed, and about the potential number of customers interested in such a product because of an urgent need to access their funds,” he said. the CEO of SIBank Petar Andronov.
Only the head of ProCredit Bank, Petar Slavov, was categorical to “Trud” that his bank would not participate in the proposed lending option.
The expectation of the sector is that the BNB will take a more active role in this process, so that the scheme becomes a fact within 1-2 weeks.
Low interest risk
Development of the special product will prove unprofitable if very few depositors at the bank under supervision show interest in it, bankers said. The reason is that these loans will be low profit and short term. The scheme also requires the readiness of the Deposit Guarantee Fund or the conservators in KTB and TB Victoria to issue certificates to the depositors that they have a guaranteed deposit in one of the two banks.
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