Several credit institutions checked the BNB last year and found violations in the granting of mortgage loans. The objects of inspections were three small, one large bank, five non-bank financial institutions and several credit intermediaries.
Πp Two of the audited institutions are not satisfied with the legal requirements regarding the application rules and procedures for the evaluation of the audit the point of the citizens, it is written in the accounting report of BHB.
Violations are expressed in "material problems" in the application of the requirements of the law, related to the assessment of the citizens' problems, in the result of the publication There are guidelines for this issue. "The administrative penalty for the production of each financial institution" is specified by the National Bank.
Problems with training and the lack of qualified personnel are already showing results. The BNB official has stated that the professional behavior and competence of the employees involved in the processing of loans is not at the necessary level. For the first three months of the year, the amount of newly issued loans is 50% higher than the amount granted in the same period of 2023.
You can see detailed statistics on average property prices in Bulgaria by cities and neighborhoods HERE