Message from the Executive Board of the Association of Banks in Bulgaria

In relation with the decision adopted and made public on the 3 of April 2020 by the Governing Council of the Bulgarian National Bank with regard to the compliance with the adopted by the European Banking Authority (EBA) Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis(EBA/ GL/2020/02), as well as the statement that the BNB will require commercial banks to propose for approval in 5 working days a single draft of rules on private moratorium on bank loan payments in relation to the COVID-19 situation, we would like to inform the public that after receiving a letter from the BNB at the ABB on the issues described above, we are prepared and working to respond to it as soon as possible.