At the moment two contrary tendencies have developed in the Bulgarian credit market.

Some creditors have become more cautious when granting credits. They’re stricter when it comes to the receivers of the credits and lower percentages of the granted money toward the value of the financial security. Still this doesn’t mean they’ve stopped crediting.

The second tendency is the opposite – increasing the percentage of financing. Some creditors have been conservative and have credited up to 80% of the value of the property, but now give up to 90% of the cost of the deal. This way they are trying to win bigger market share at the expense of banks that have now become more conservative.