Ценова динамика на банковите потребителски кредити в България
Price Dynamics of Bank Consumer Loans in Bulgaria

Author(s): Valya Vasileva
Subject(s): Economy, National Economy, Financial Markets
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Interest Rates; Annual Percentage Rate of Charge; Consumer Loans
Summary/Abstract: The main purpose of this paper is to analyze the price dynamics of consumer loans granted by commercial banks in Bulgaria. The analysis covers the period from the beginning of our country’s membership in the European Union in 2007 until mid-2015. The main factors that determine the trends in the movement of the interest rates and the annual percentage rate of charge on consumer loans are outlined. In this context, attention is given to the latest amendments to the law, related to interest rate formation, fees and commissions, as well as the effects of these amendments.

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