The readiness of the banking sector for the introduction of the euro from January 1, 2026 was discussed by Head of State Rumen Radev at a meeting at the presidential institution with the management of the Association of Banks in Bulgaria. Vice President Iliyana Yotova also participated in the meeting, the press secretariat of the head of state reported. .
The Head of State highlighted the contribution of Bulgarian banks to guaranteeing financial stability in the country against the backdrop of the unstable political situation. According to him, the responsibility of banks increases in conditions of untimely and ineffective measures in the process of introducing the euro by the responsible state institutions.
Rumen Radev posed to the leadership of the Association of Banks in Bulgaria a number of questions related to the technical readiness of the systems for the introduction of the euro from January 1, the concerns of Bulgarian citizens about an increase in interest rates on loans next year and the possibilities for supporting business in our country after the currency change.
The Association of Banks in Bulgaria assured that the payment systems, as well as ATMs, are prepared for the transition to the new currency, the euro. Regarding the interest rates on mortgage and consumer loans offered by Bulgarian banks, no significant changes are expected in the short and medium term, the management of the Association emphasized.
During the meeting, the possibilities for Bulgarian banks to provide conditions for business in Bulgaria that would stimulate its initiative and encourage the attraction of investments in our country after the introduction of the euro were also discussed.